BRIEF-Dingyi Group Investment Says Unit Entered Framework Agreement With Weiyan
In this article:
April 23 (Reuters) - Dingyi Group Investment Ltd:
* UNIT ENTERED FRAMEWORK AGREEMENT WITH WEIYAN IN RESPECT OF A PROPOSED INVESTMENT IN AND STRATEGIC COOPERATION WITH WEIYAN
* UNIT TO SUBSCRIBE TOTAL OF 8.99% OF ENLARGED SHARE CAPITAL OF WEIYAN FOR AGGREGATE SUBSCRIPTION PRICE OF RMB78 MILLION
* UNDER DEAL, UNIT TO ESTABLISH JV ENTITY WITH WEIYAN FOR PROVISION OF TECHNOLOGY-ORIENTED RETAIL FINANCE SOLUTIONS
* JOINT VENTURE ENTITY WILL BE OWNED AS TO 60% BY WEIYAN AND 40% BY JINHUI Source text for Eikon: Further company coverage:
