Brief: Luk Hing Entertainment says unit entered into MoU

Luk Hing Entertainment group

12/12/2016 09:35

Dec 12 (Reuters) - Luk Hing Entertainment Group Holdings Ltd 
 8052.HK : 
    * Pursuant to MOU, Luk Hing China and Zhuhai Wei Chong 
proposed to form a joint venture company in the prc 
    * Registered capital of the jv company shall be rmb30 
million 
    * Parties agreed, jv co shall be held as to 15% by Luk Hing 
China, 30% by Zhuhai Wei Chong and 55% by other potential 
investors 
    * Luk Hing China entered into a non-legally binding 
memorandum of understanding with Zhuhai Wei Chong and its 
controlling shareholder 
 
Source text for Eikon:  ID:nHKS1kpCXG  
Further company coverage:  8052.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))