Brief: Yongsheng Advanced Materials Company Enters Into Letter Of Intent With Bagan Investment

Yongsheng Advanced Materials

05/03/2020 13:28

March 5 (Reuters) - Yongsheng Advanced Materials Company Ltd
 3608.HK :
    * ENTERED INTO A LETTER OF INTENT WITH BAGAN INVESTMENT
LIMITED
    * PURSUANT TO LOI, COMPANY AND BAGAN PROPOSED TO FORM A JV
COMPANY
    * JV CO SHALL BE OWNED BY COMPANY AND BAGAN AS TO ABOUT 60%
AND
40%, RESPECTIVELY
    * JV SHALL BE PRINCIPALLY ENGAGED IN DEVELOPMENT,
INVESTMENT,
OPERATION AND MANAGEMENT OF HYDRA-RELATED PROJECTS
    * JV COMPANY SHALL BE PRINCIPALLY ENGAGED IN WATER SUPPLY
AND
WASTEWATER TREATMENT, IN SOUTHEAST ASIA

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS601jnD
Further company coverage:  3608.HK 

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