[ET Net News Agency, 17 January 2020] Lerado Financial Group Company Limited (01225)
said China Kweichow Moutai, Qianhai Xinhuakang Financial Holdings (Shenzhen) Limited,
First Shanghai Financial Investments Limited, Shijiazhuang Changshan Textile and Black
Marble Securities (the JV shareholders) have entered into a termination agreement
regarding the formation of a joint venture securities company.
They agreed to terminate the JV agreements as it is anticipated that the application
will not be approved by the CSRC under the current market condition in the PRC, after the
assessment by the preparatory group. (RC)