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Sinolink Worldwide Holdings Ltd (1168.HK)

1168.HK on Hong Kong Stock

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Sinolink Worldwide Holdings Forms JV Co With Zhongan Technology
Sunday, 10 Dec 2017 

Dec 11 (Reuters) - Sinolink Worldwide Holdings Ltd <1168.HK>::‍ON DEC 8 CO, ZHONGAN TECHNOLOGY CO FORMED JV CO TO INVEST OPPORTUNITIES IN FINTECH & INSURETECH.‍CO & ZHONGAN TECHNOLOGY TO CONTRIBUTE RMB60 MILLION & RMB50 MILLION IN CASH IN JV CO; CO TO ADDITIONALLY CONTRIBUTE RMB620 MILLION.‍UPON COMPLETION, CO AND ZHONGAN TECHNOLOGY WILL OWN 49 PCT AND 51 PCT OF VOTING INTERESTS IN JVCO, RESPECTIVELY​.‍CAPITAL CONTRIBUTION OF RMB620 MILLION IN CASH TO JVCO IS IN CONSIDERATION FOR REDEEMABLE PREFERENCE SHARES​.  Full Article

BRIEF-Sinolink Worldwide Holdings Forms JV Co With Zhongan Technology

* ‍ON DEC 8 CO, ZHONGAN TECHNOLOGY CO FORMED JV CO TO INVEST OPPORTUNITIES IN FINTECH & INSURETECH