Bacui Technologies (SGX:YYB) said its subsidiary Bacui Talent (Guangdong) Enterprise Service will form a joint venture with Foshan Shunde District Leliu Fashion Resource Center in China, according to a Tuesday filing on the Singapore Exchange.
The new company, Foshan Shunde Leba Enterprise Service, will have a registered capital of 1 million yuan (SG$184,000), with Bacui Talent holding 49% and Foshan Shunde District Leliu Fashion owning 51%. Bacui Talent will invest 490,000 yuan (SG$90,000) into the JV from internal funds.
The venture will focus on food retail, agricultural processing, and kitchenware sales. BTES will manage operations, while FSDLF will generate business leads.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。