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06099 CMSC
RTNominal down12.440 -0.040 (-0.321%)

24/09/2021 17:36

CMSC (06099) unit to set up joint venture company

[ET Net News Agency, 24 September 2021] China Merchants Securities Co., Ltd. (06099)
said CMS Investment (a wholly-owned subsidiary of the company) has entered into the
cooperation agreement with Zhuhai Yiyun, pursuant to which CMS Investment and Zhuhai Yiyun
have agreed to establish the JV company for the purpose of holding 37% equity interest in
Changsha Renhui to be acquired by the JV company in accordance with the Changsha
Cooperation Framework Agreement.
Pursuant to the cooperation agreement, the registered capital of the JV company is
RMB602.81 million, of which RMB307.433 million and RMB295.377 million will be contributed
by Zhuhai Yiyun and CMS Investment, respectively, representing 51% and 49% of the
registered capital of the JV company. (RC)

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