March 21, 2018 / 12:15 PM / a month ago

BRIEF-China Netcom Technology Holdings Announces On Formation Of Joint Venture

March 21 (Reuters) - China Netcom Technology Holdings Ltd :

* ‍UNIT ENTERED INTO JV AGREEMENT WITH LIU JIPING FOR FORMATION OF JV COMPANY​

* ‍JV COMPANY WILL BE OWNED BY HANGZHOU SAFEN AND LIU JIPING​AS TO 55% AND 45%, RESPECTIVELY

* ‍EACH OF HANGZHOU SAFEN AND LIU JIPING AGREED TO MAKE A CAPITAL CONTRIBUTION TO JV COMPANY IN AMOUNT OF RMB12 MILLION ​ Source text for Eikon: Further company coverage:

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