Feb 15, 2022 04:49 PM (GMT+8) · EqualOcean
Chongqing department store announced that the company agreed that its wholly-owned subsidiary Chongqing Shangshe Automobile Trade Co., Ltd. (hereinafter referred to as "Shangshe automobile trade") and Shanghai Bayin Yimu enterprise management partnership (limited partnership) (hereinafter referred to as "Shanghai Bayin") would jointly invest in the establishment of Chongqing Shangshe Bayin automobile sales service Co., Ltd. (tentative name) to operate smart brand new energy vehicle business. The registered capital of the joint venture is 10 million yuan. The automobile trade of the commercial agency contributes 5.1 million yuan in currency, holding 51%, and Shanghai Bayin contributes 4.9 million yuan in currency, holding 49%.

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