Asia
Tsann Kuen China Enterprise Unit Forms Kitchen Equipment JV
Tsann Kuen China Enterprise (SHE:200512) controlling unit Tsann Kuen Investment agreed to invest 2.5 million yuan in establishing a hotel kitchen equipment joint venture.Shanghai Tsann-Ku Intelligent Kitchen Equipment will have a registered capital of 5 million yuan, according to a Thursday filing with the Shenzhen bourse.The investment will give the unit a 49% stake. Partner Shanghai Chaogu will invest 2.55 million yuan for 51% stake.Shares of the home appliance company closed 1% lower Thursday.
SHE:200512
