January 17, 2018 / 9:24 AM / a year ago

BRIEF-Guangdong Huatie Tongda High-speed Railway Equipment unit and partner to boost Qingdao-based firm's registered capital

Jan 17(Reuters) - Guangdong Huatie Tongda High-speed Railway Equipment Corp

* Says co’s Beijing-based wholly owned technology development unit signed cooperation MOU with a Hong Kong-based firm (partner), which is mainly engaged in platform door and safe door related business in railway area

* According the MOU, unit set up a Qingdao-based wholly owned transportation equipment unit (target firm)

* Says unit and partner will jointly boost target firm’s registered capital to 100 million yuan

* Says unit and partner will hold a 51 percent stake and a 49 percent stake in target firm respectively

Source text in Chinese: goo.gl/amJq6V

Further company coverage: (Beijing Headline News)

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