Edition:
India

GoldMoney signed non-binding LOI to launch GoldMoney China


Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Zhaojin Mining Industry Co Ltd <1818.HK>:Signed non-binding LOI formalizing JV framework whereby co, Taojinyn, Zhaojin mining will launch, operate local version of co in China​.Taojinyn, a Chinese digital gold service backed by Zhaojin mining, will manage local operations for the mandarin version of the GoldMoney web-app​.‍JV will earn 50% of all revenues generated by clients and will be owned 51% by Taojinyn and 49% by GoldMoney Inc​. 

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