Well the new subsidiary of Jatcorp, Hangzhou JAT Food Group Co. Ltd (Hangzou JAT) is a Chinese registered business wholly owned by Jatcorp. Hangzhou JAT has entered a strategic cooperation agreement with a Chinese state-owned company, Hangzhou Xiacheng State-owned Asset Investment Holding Co. Ltd (Hangzhou Xiacheng).
I think Jatcorps approach to register a wholly owned Jatcorp subsidiary in China seems to be working out well so far. It will be interesting to see how equity investments sought from Chinese-based corporate investors will effect this current wholly owned status. It seems that a percentage of Hangzou JAT could be sold if suitable investors are found. This should make funds available to Hangzou JAT without further funds being required from Jatcorp.
On the face of it this seems like it will be beneficial to JAT shareholders. Time will tell.
GLTAH DYOR
Ann: New JAT China Subsidiary signs First Agreement, page-57
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46.0¢ |
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Mkt cap ! $39.55M | |||
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