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[ET Net News Agency, 13 November 2015] Dingyi Group (00508) said it has agreed to form a joint venture with a number of independent third parties for the construction of overseas infrastructure and preliminary development of operating projects.
The third parties are CADFund, CGGC, CCECC, China Telecom Global, CISPDR, and China ENFI. Before the transaction, the entire issued share capital of the JV Company is held by CADFund. Upon completion of the transaction, the JV Company will be owned as to 7.69% by Dingyi, 38.46% by CADFund, 19.23% by CGGC, 7.69% by China Telecom Global, 3.85% by CISPDR, 3.85% by China ENFI and 19.23% by CCECC.
The parties expect that they will invest by share subscription up to an aggregate
US$260 million into the JV Company, of which US$20 million will be contributed by Dingyi. (KL)
The third parties are CADFund, CGGC, CCECC, China Telecom Global, CISPDR, and China ENFI. Before the transaction, the entire issued share capital of the JV Company is held by CADFund. Upon completion of the transaction, the JV Company will be owned as to 7.69% by Dingyi, 38.46% by CADFund, 19.23% by CGGC, 7.69% by China Telecom Global, 3.85% by CISPDR, 3.85% by China ENFI and 19.23% by CCECC.
The parties expect that they will invest by share subscription up to an aggregate
US$260 million into the JV Company, of which US$20 million will be contributed by Dingyi. (KL)