Brief: Forward Fashion (International) Says Unit, An Individual And Yuan Zhi Holdings Ltd Entered JV Agreement

Forward Fashion (International) Holdings Co

15/07/2020 16:25

July 15 (Reuters) - Forward Fashion (International) Holdings
Co Ltd  2528.HK :
    * UNIT, AN INDIVIDUAL AND YUAN ZHI HOLDINGS LTD ENTERED JV
AGREEMENT
    * JV CO WILL BE OWNED AS TO 80% AND 20% BY FORTUNE FASHION
AND
INDIVIDIUAL RESPECTIVELY
    * UNIT TO PAY RMB11.8 MILLION TO INDIVIDUAL AS INITIAL SET
UP FEE
OF SWISSPRO BUSINESS TO BE RUN BY JV CO
    * UNDER JV AGREEMENT, INDIVIDUAL TO TRANSFER ALL SWISSPRO
ASSETS
TO JV CO OR ENTITY DESIGNATED BY UNIT

Source text for Eikon:  ID:nHKS9hR2QD 
Further company coverage:  2528.HK 

 ((Reuters.Briefs@thomsonreuters.com;))