BRIEF-Guangdong Investment Updates On Formation Of JV Co

Reuters

Thu, Feb 1, 2018, 5:27 AM

Feb 1 (Reuters) - Guangdong Investment Ltd:

* ‍YANGJIANG CITY BUREAU ISSUED NOTICE OF SUCCESSFUL BIDDING IN RESPECT OF YANGJIANG WATER PROJECT

* ‍ESTIMATED TOTAL INVESTMENT AMOUNT OF YANGJIANG WATER PROJECT IS ABOUT RMB820 MILLION

* ‍YANGJIANG WATER PROJECT TO BE IMPLEMENTED BY A JV COMPANY TO BE ESTABLISHED BY PRIVATE PARTIES

* REGISTERED CAPITAL OF JV CO SHALL BE RMB273.3 MILLION

* ‍JV CO TO BE OWNED AS TO 48% BY COMPANY, 51% BY GUANGDONG WATER CO & 1% BY CFMG

* ‍CO TO CONTRIBUTE RMB131.2 MILLION TO REGISTERED CAPITAL OF JV CO Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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BRIEF-Guangdong Investment Updates On Formation Of JV Co

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