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天元股份(003003.SZ):天元(香港)公司拟设立柬埔寨合资公司

guangdong tengen industrial group (003003.SZ): Tengen (Hong Kong) Company plans to establish a joint venture company in Cambodia

Gelonghui Finance ·  Oct 29 11:35

Guangdong Tengen Industrial Group (003003.SZ) announced on October 29 that, in order to actively respond to the Belt and Road Initiative, strengthen business expansion in overseas markets, achieve diversified development, Guangdong Tengen Industrial Group Co., Ltd., a wholly-owned subsidiary of the company, plans to establish a joint venture company in Cambodia with Hongkong Vesta Holdings Co., Limited (hereinafter referred to as the "joint venture partner") to invest a total of $16 million. Among them, the wholly-owned subsidiary of the company, Tengen (Hong Kong) International Development Co., Ltd. (hereinafter referred to as the "wholly-owned subsidiary of the company" or "Tengen (Hong Kong) company"), will contribute $8.16 million from its own funds, accounting for 51% of the total investment of the joint venture company; the joint venture partner will contribute $7.84 million from its own funds, accounting for 49% of the total investment of the joint venture company. The joint venture company will mainly engage in printing packaging decoration products; printing of documents, other printed materials; paper, plastic packaging materials, industrial park leasing and management.

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