Digital China Group (SHE:000034) unit Beijing Digital China will invest 200 million yuan in establishing a joint venture dubbed Shenzhen Muxi Network with company chair Guo Wei.
The investment will give the technology services provider a 66.67% stake in the technology development and services joint venture, according to a Thursday filing with the Shenzhen bourse.
Guo will invest 100 million yuan in the joint venture for a 33.33% stake.
Price (RMB): ¥24.63, Change: ¥-0.040, Percent Change: -0.16%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments