Ronghui International (00990.HK) announced that the wholly owned subsidiary Yi Huang constitute joint venture agreements with Zhongtian Iron and Steel, Shanxi Jinnan and Yongfeng Group for the formation of joint venture to principally engaged in investment in ferroalloy-related projects in the PRC.
The registered capital of the joint venture is expected to be RMB 1 billion, accounting for 51%, 20%, 20% and 9% respectively.