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Cherish Sunshine International to Form JV Companies in China
Cherish Sun International (01094) subsidiary Cherish Sun New Energy intends to establish joint venture companies with Jiangyin Daxiang and Jiangxi Huigu.
Cherish Sun (01094) announced that on August 21, 2024, its wholly-owned subsidiary, Cherish Sun New...
Cherish Sun (01094.HK) has established two joint venture companies.
On August 21st, Gelunhui announced that on August 21st, 2024, its wholly-owned subsidiary Cherish Sun New Energy signed a joint venture agreement with Jiangyin Daxiang and Jiangxi Huigu. According to the terms of the joint venture agreement, Joint Venture Company I and Joint Venture Company II will be established. The registered capital of Joint Venture Company I and Joint Venture Company II will be RMB 13,000,000 each. Cherish Sun New Energy will contribute RMB 2,470,000 to each joint venture company, accounting for approximately 19.0% of their registered capital, while Jiangyin Daxiang and Jiangxi Huigu will each contribute to the joint ventures.
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