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United States

China Haisheng Juice Holdings's Unit To Form Two JV Cos For A Total Registered Capital Of RMB30 Mln


Thursday, 6 Dec 2018 04:36am EST 

Dec 6 (Reuters) - China Haisheng Juice Holdings Co Ltd <0359.HK>::CHINA HAISHENG JUICE HOLDINGS CO LTD ANNOUNCES FORMATION OF JV COMPANY I AND JV COMPANY II.SHAANXI CHAOYUE AND WUWEI AGRICULTURE HAVE AGREED TO ESTABLISH JV COMPANY WITH A REGISTERED CAPITAL OF RMB98.89 MILLION.SHAANXI CHAOYUE AND WUWEI AGRICULTURE HAVE AGREED TO ESTABLISH JV COMPANY WITH A REGISTERED CAPITAL OF RMB33.7 MILLION.UNDER JV AGREEMENT I AND JV AGREEMENT II, TOTAL REGISTERED CAPITAL CONTRIBUTED BY SHAANXI CHAOYUE WILL BE RMB30 MILLION.SHAANXI CHAOYUE & WUWEI AGRICULTURE TO OWN 90% AND 10% OF INTERESTS OF JV I & JV II, RESPECTIVELY. 

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