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Anhui Xinhua Media Co Ltd Initiates Establishment of Joint Venture

Thursday, 1 Aug 2013 08:00pm EDT 

Anhui Xinhua Media Co Ltd announced that it has initiated the establishment of a business factoring company. the Company will inject RMB 20 million to hold a 20% stake in the joint venture, as the second major shareholder. A Sichuan-based industry holding company, a Tianjin-based investment management company, a Shenzhen-based investment development company and four individuals will hold a 33% stake, a 20% stake, a 15% stake, a 10% stake, a 10% stake, a 5% stake, a 5% stake and a 2% stake in the joint venture respectively. The joint venture is with a registration capital of RMB 100 million in total. 

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