Bacui Technologies International (SGX:YYB) said its subsidiary, Bacui Talent (Guangdong), will form a joint venture with two Chinese state-owned firms to provide HR outsourcing services in Meizhou, Guangdong, China, according to a Sunday filing with the Singapore Exchange.
The venture, Meizhou Jiayin Urban Operation, will focus on data management and back-office outsourcing for the financial sector. Bacui will hold a 35% stake, contributing 2.8 million yuan of the 8 million yuan registered capital.
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