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RTNominal down0.445 -0.015 (-3.261%)

18/10/2021 13:48

La Chapelle (06116) signs MOU with Susong County government

[ET Net News Agency, 18 October 2021] Xinjiang La Chapelle Fashion Co., Ltd. (06116)
said (i) the company entered into a non-legally binding Memorandum of Understanding for
Strategic Cooperation (the MOU) with the People's Government of Susong County, and (ii)
Jiatuo (Shanghai) Information Technology Co., Ltd. (Shanghai Jiatuo), a wholly-owned
subsidiary of the company, entered into a non-legally binding Letter of Intent for
Investment in a Joint Venture Project (the LOI) with Anhui Hongai Industrial Co., Ltd.
(Hongai), a textile and apparel company in Susong County, in order to establish a
strategic partnership between the company and the People's Government of Susong County for
win-win cooperation and sustainable development.
The main business scope of Hongai includes the processing, manufacturing and sales of
garment and garment accessories; the purchase and sale of raw materials for garment; and
design services for garment and decoration of accessories. (RC)

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