April 24, 2018 / 11:43 PM / 8 months ago

BRIEF-WE Solutions Enters MoU With Shanghai Alliance Investment

April 25 (Reuters) - WE Solutions Ltd:

* ENTERS MEMORANDUM OF UNDERSTANDING WITH SHANGHAI ALLIANCE INVESTMENT FOR PROPOSED ESTABLISHMENT OF JV CO BASED IN SHANGHAI

* PARTIES SHALL CONTRIBUTE AN AGGREGATE OF US$58 MILLION IN TWO STAGES TO JV CO

* JV CO EXPECTED TO ASSIST SHANGHAITECH UNIVERSITY IN ESTABLISHING A CENTRE FOR ADAPTIVE SYSTEM ENGINEERING AMONG OTHERS Source text for Eikon: Further company coverage:

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