June 16, 2017 / 11:05 AM / 2 months ago

BRIEF-Hi-P International Ltd proposes joint venture

June 16 (Reuters) - Hi-P International Ltd()

* proposes joint venture

* Huglomerate will invest an aggregate of rmb22.8 million into jv company

* Cino And Huglomerate shall incorporate a joint venture company with an initial paid-up capital of rmb15 million

* HUGLOMERATE (SHANGHAI) INTERNATIONAL Trading entered into a joint venture agreement with CINO COFFEE MACHINE MFG CO

* Agreement to undertaking joint venture in business of production of coffee machines, packaging for coffee and beverages

* Proposed jv is not expected to have any material effect on eps of co for current financial year ending 31 December 2017 Source text for Eikon: Further company coverage:

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