Shougang Concord Century Holding Ltd. (HK:0103) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Shougang Concord Century Holdings Ltd. has entered into a 50-50 joint venture with RZHL, a company connected to an executive director of Shougang, establishing a new entity in Singapore with a shared capital of USD 2.8 million. This transaction is significant enough to warrant reporting and announcement but does not require the approval of independent shareholders. The joint venture will operate independently and its financial results will not be consolidated with Shougang’s group accounts.
For further insights into HK:0103 stock, check out TipRanks’ Stock Analysis page.
