Anhui Gourgen Traffic Construction (603815.SH) issued an announcement, stating that the company and its joint venture partner plan to jointly invest in the establishment of a joint venture company in Shanghai.
According to Zhitong Finance APP, Anhui Gourgen Traffic Construction (603815.SH) announced that the company plans to jointly invest in establishing a joint venture, Shanghai Yejiaxuefei Industrial Development Co., Ltd., focusing on the import sales and deep processing Business of coffee beans in Ethiopia. The registered capital of the joint venture is 100 million yuan, of which Anhui Gourgen Traffic Construction will contribute 80 million yuan in MMF, accounting for 80% of the registered capital; Shanghai Ethiopia Enterprise Management Center (Limited Partnership) will contribute 20 million yuan in MMF, accounting for 20% of the registered capital.
It is reported that the joint venture partner has channel resource advantages in the coffee bean export Business in Ethiopia, and the management team has been engaged in the operation of coffee and other chain brands for many years, possessing rich operational management experience in coffee operations, Chinese enterprises going abroad, etc., laying a good foundation for the joint venture to quickly start its Business.
