Edition:
India

E -Commodities Says Unit And Yancheng Investment Group Propose To Establish JV


Friday, 19 Jan 2018 

Jan 19 (Reuters) - E -Commodities Holdings Ltd <1733.HK>::UNIT AND YANCHENG STATE-OWNED ASSETS INVESTMENT GROUP ENTER MOU IN RELATION TO PROPOSED ESTABLISHMENT OF JV CO.PROPOSED WILL HAVE INITIAL REGISTERED CAPITAL OF RMB100 MILLION & TO BE HELD 51% BY YANCHENG INVESTMENT & 49% BY E-COMMODITIES SINGAPORE.PROPOSED JV WILL ESTABLISH INTEGRATED SUPPLY CHAIN SERVICE PLATFORM FOR PETROCHEMICAL PRODUCTS.PROPOSED JV WILL HAVE INITIAL REGISTERED CAPITAL OF RMB100 MILLION & TO BE HELD 51% BY YANCHENG INVESTMENT & 49% BY E-COMMODITIES SINGAPORE. 

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