Hangjin Technology's Unit Ties Up With Century Litong to Joint Venture

MT Newswires Live12-24 16:45

Hangjin Technology's (SHE:000818) unit wholly-owned subsidiary, Hangjin (Wuhan) Artificial Intelligence Technology, agreed to establish a telecommunication service providing joint venture with internet data services provider Shanghai Century Litong Data Services, according to a Shenzhen Stock Exchange disclosure on Tuesday.

The joint venture, General Aviation Intelligent Technology (Wuhan), will have a registered capital of 36 million yuan. It will be a

Hangjin AI invested 30.6 million yuan into the venture, owning 85% of its capital, and Century Litong will own 15% after subscribing 5.4 million yuan, the Chinese chemical manufacturer said.

Hangjin Technology's shares rose less than 2% in recent trade.

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