Beijing Urban Construction Design & Development (UCD) (01599) said it entered into a joint venture agreement with controlling shareholder Beijing Urban Construction Group Co., Ltd. (BUCG) and Beijing Urban Construction Investment Development Co., Ltd. (BUCID) in relation to the establishment of a joint venture company.
The total registered capital of the JV amounted to Rmb100 million, among which, UCD, BUCG and BUCID will contribute Rmb30 million, Rmb40 million and Rmb30 million and each of them will own 30%, 40% and 30% equity interests in the JV respectively.
The scope of business of the JV mainly includes equity investment management, equity investment, investment consultation and business consultation (subject to actual industrial and commercial registration).
BUCID is a non-wholly-owned subsidiary of BUCG.
24/02/2017 12:12
UCD (01599) to form JV with controlling shareholder
- 經濟通
- 強化版MQ
- 強化版TQ
- 財曆
- Mobile
Web
