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8 months ago
BRIEF-China Ocean Fishing Holdings says unit entered into a memorandum of cooperation
December 29, 2016 / 11:48 AM / 8 months ago

BRIEF-China Ocean Fishing Holdings says unit entered into a memorandum of cooperation

Dec 29 (Reuters) - China Ocean Fishing Holdings Ltd :

* Under MoU, parties thereto intend to set up a joint venture company in Cambodia

* Unit entered into a memorandum of cooperation with Khmer First Investment Holding Group

* JV for purpose of investing in fishing activities in Cambodian coastal area, aquatic process, sale of fishing products

* Capital contributions by Jianyutang and Khmer would be USD8 million and USD2 million respectively

* JV company would be owned as to 80% by Jianyutang and as to 20% by Khmer respectively Source text for Eikon: Further company coverage:

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