April 3, 2018 / 2:03 AM / 19 days ago

BRIEF-Jiangsu Hongdou Industrial to set up commercial factoring JV and limited partnership

April 3(Reuters) - Jiangsu Hongdou Industrial Co Ltd

* Says it plans to invest 24.5 million yuan to set up a commercial factoring JV with partner, with registered capital of 50 million yuan

* Says it will hold 49 percent stake in the JV

* Says it plans to invest 26 million yuan to set up an IoT industry investment limited partnership with partners

Source text in Chinese: goo.gl/FxhDTz; goo.gl/uPgjDC

Further company coverage: (Beijing Headline News)

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