Brief: Mulsanne Group Announces Agreement With Million Success Resources To Establish JV Co In PRC

Mulsanne Holding

02/12/2019 01:30

Dec 2 (Reuters) - Mulsanne Group Holding Ltd  1817.HK :
    * ANNOUNCES AGREEMENT WITH MILLION SUCCESS RESOURCES TO
ESTABLISH
JOINT VENTURE COMPANY IN PEOPLE'S REPUBLIC OF CHINA
    * REGISTERED CAPITAL OF JV COMPANY SHALL BE RMB100 MILLION,
IN
WHICH CO SHALL CONTRIBUTE RMB60 MILLION
    * JV COMPANY WILL BE OWNED AS TO 60% BY COMPANY AND 40% BY
MILLION
SUCCESS
    * JV CO WILL ENGAGE IN OPERATING APPARELS, APPAREL
ACCESSORIES &
OTHER BUSINESS AS PARTIES MAY AGREE IN PRC FOR ESPRIT BRAND

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9JQhgD
Further company coverage:  1817.HK 

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