[ET Net News Agency, 4 September 2018] AGTech Holdings (08279) said its 30% indirectly
owned associated company Star N Cloud Network Intelligence (Star N Cloud) entered into the
shareholders' agreement with the JV company Xinghui Bank, Alipay (Macau) Holding and
Alipay (Macau) Investment in relation to the formation of the JV company in Macau. The JV
company will be principally engaged in banking and related activities.
The initial share capital of the JV company is MOP100 million (equivalent to HK$97.1
million), which shall be contributed as to MOP33.3 million by Star N Cloud, of which
MOP9.99 million will be financed by the group's internal cash resources, MOP33.4 million
by Alipay (Macau) Holding and MOP33.3 million by Alipay (Macau) Investment, respectively.
Upon completion of the initial capital contribution, the JV company shall be owned as to
33.3% by Star N Cloud, 33.4% by Alipay (Macau) Holding and 33.3% by Alipay (Macau)
Investment, respectively. (SC)
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08279 AGTECH HOLDINGS
Nominal 
0.208 -0.001 (-0.478%) Others
04/09/2018 14:57
AGTech Holdings (08279) unit ties up with Alipay (Macau)
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