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BRIEF-Soo Kee Group says entered into MoU related to JV in Thailand
February 9, 2017 / 9:39 AM / 9 months ago

BRIEF-Soo Kee Group says entered into MoU related to JV in Thailand

Feb 9 (Reuters) - Soo Kee Group Ltd :

* Entry into memorandum of understanding relating to proposed joint venture in Thailand

* Soo Kee Group Ltd. entered into a memorandum of understanding (“mou”) dated 9 February 2017 with Aurora Design Co., Ltd.

* Group and Aurora will hold 40% and 60% of equity interest in JVC, respectively

* Co and Aurora intends to establish a joint venture company to be incorporated in Thailand

* JVC is proposed to have an initial registered and paid-up capital of 30 million baht

* JV to develop, operate business of selling gold and diamond products under “love & co.” trademarks, trade or brand name in thailand

* Entry into MOU is not expected to have material impact on eps of group for current financial year ending 31 Dec 2017 Source text for Eikon: Further company coverage:

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