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Dec 10, 2021 05:49 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 10 - according to the announcement of traffic control technology, the company plans to establish Chengdu traffic control rail High-tech Industry Co., Ltd. (tentatively called "Chengdu traffic control rail" or "joint venture") with Chengdu Rail Industry Investment Co., Ltd. ("industrial investment company") and Chengdu jiaozi modern Urban Industrial Development Co., Ltd. ("Jiaozi development"). The registered capital of the joint venture is RMB 100 million, of which jiaokong technology contributes RMB 60 million, holds 60% equity of the joint venture, the industrial investment company contributes RMB 35 million, holds 35% equity of the joint venture, jiaozi development contributes RMB 5 million and holds 5% equity of the joint venture.

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