April 19, 2018 / 1:44 PM / 7 months ago

BRIEF-Shougang Concord Grand (Group) Updates On Formation Of Joint Venture

April 19 (Reuters) - Shougang Concord Grand (Group) Ltd :

* UNIT ENTERED INTO JOINT VENTURE AGREEMENT WITH SHOUGANG FUND TO ESTABLISH JOINT VENTURE

* JV ENGAGES IN BUSINESS OF SUPPLY CHAIN FINANCIAL MANAGEMENT SERVICES AND WILL HAVE AN INITIAL REGISTERED CAPITAL OF RMB100 MILLION

* UNIT CONTRIBUTES 10 PERCENT AND SHOUGANG FUND CONTRIBUTES 90 PERCENT OF JV Source text for Eikon: Further company coverage:

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