Glory View Technology (SHE:301396) plans to invest 55 million yuan to establish an information technology joint venture, according to a Shenzhen bourse filing on Thursday.
The planned venture, Shenzhen Hongjing Zongheng Technology, will have a registered capital of 100 million yuan.
The Chinese smart city integrated service provider will partner with its deputy general manager, Xu Chi, and three other non-related parties for the joint venture.
Glory View Technology will own 55% of the venture.
The company's shares rose 1% in recent trade.
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