Zhongmin Baihui, through its wholly-owned subsidiary, Zhongmin Baihui (China), has signed an agreement to form a joint venture (JV) company with Mingfa Group Anhui Jinzhai City Development on April 30.

According to a statement put out by Zhongmin Baihui on June 9, it will have a 20% stake in the new JV, while Mingfa Group will own 80% of the new JV company.

The new JV company will have a registered share capital of RMB3 million ($620,473).

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook