Xiaocaiyuan International Forms Joint Venture for Online Mall and Ready-to-Eat Shops

Reuters01-13
Xiaocaiyuan International Forms Joint Venture for Online Mall and Ready-to-Eat Shops

Xiaocaiyuan International Holding Ltd. announced that its wholly-owned subsidiary, Anhui Xiaocaiyuan Catering Management Co., Ltd., has entered into a Cooperation Agreement with Mr. Deng and Mr. Tian to establish a joint venture. The new joint venture, structured as a limited liability company with an initial registered capital of RMB 20 million, will focus on businesses including an online mall and community ready-to-eat shops. Upon completion, the joint venture will become a non-wholly owned subsidiary of Xiaocaiyuan International Holding Ltd.

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