BRIEF-Shimao Services Announces Formation Of Joint Venture Company

Reuters

2024-10-31

Oct 31 (Reuters) - Shimao Services Holdings Ltd

:

* FORMATION OF JOINT VENTURE COMPANY

* REGISTERED CAPITAL OF JOINT VENTURE COMPANY WILL BE RMB400 MILLION

* CHENGDU SHIMAO TIANCHENG WILL CONTRIBUTE RMB196 MILLION

* JV TO BE OWNED AS TO 49% BY CHENGDU SHIMAO TIANCHENG AND AS TO 51% BY JV PARTNER

* JV FOR CONSTRUCTION, OTHERS OF ELECTRIC VEHICLES CHARGING STATIONS AND RELATED BUSINESSES FOR EVS IN PRC

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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