Reuters logo
BRIEF-Soo Kee Group says entered into MoU related to JV in Thailand
February 9, 2017 / 9:42 AM / 10 months ago

BRIEF-Soo Kee Group says entered into MoU related to JV in Thailand

Feb 9 (Reuters) - Soo Kee Group Ltd :

* Entry into memorandum of understanding relating to proposed joint venture in Thailand

* Soo Kee Group Ltd. entered into a memorandum of understanding (“mou”) dated 9 February 2017 with Aurora Design Co., Ltd.

* Group and Aurora will hold 40% and 60% of equity interest in JVC, respectively

* Co and Aurora intends to establish a joint venture company to be incorporated in Thailand

* JVC is proposed to have an initial registered and paid-up capital of 30 million baht

* JV to develop, operate business of selling gold and diamond products under “love & co.” trademarks, trade or brand name in thailand

* Entry into MOU is not expected to have material impact on eps of group for current financial year ending 31 Dec 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below