February 15, 2017 / 1:30 AM / 5 months ago

BRIEF-Shenzhen Ysstech Info-tech plans commercial factoring JV in Shanghai

1 Min Read

Feb 15 (Reuters) - Shenzhen Ysstech Info-tech Co., Ltd.:

* Says the co plans to set up a commercial factoring JV in Shanghai, with its controlling financial service subsidiary

* Says the registered capital of the JV to be at 50 million yuan

* Says the co and its subsidiary to hold 93 percent and 7 percent stake in the JV respectively, after the establishment

Source text in Chinese:rrd.me/by96Q

Further company coverage: (Beijing Headline News)

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