General Announcement::ENTRY INTO OF MEMORANDUM OF UNDERSTANDING IN RELATION TO A PROPOSED JOINT VENTURE

Issuer & Securities

Issuer/ Manager
MIYOSHI LIMITED
Securities
MIYOSHI LIMITED - SG1J04885492 - M03
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Oct-2015 17:40:22
Status
New
Announcement Sub Title
ENTRY INTO OF MEMORANDUM OF UNDERSTANDING IN RELATION TO A PROPOSED JOINT VENTURE
Announcement Reference
SG151005OTHRGJKY
Submitted By (Co./ Ind. Name)
Sin Kwong Wah Andrew
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Miyoshi Limited (the Company and together with its subsidiaries, the Group) wishes to announce that the Company has on 19 September 2015 entered into a memorandum of understanding (MOU) with Core Power (Fujian) Eletric Co., Ltd (the JV Partner) in relation to the acquisition and/or subscription by the Company of such number of shares in Core Power (Fujian) New Energy Automobile Co., Ltd (the JV Company), representing in aggregate, of up to 49% of the entire issued share capital of the JV Company (Proposed Acquisition).

For more information, please refer to the attached file.

Attachments

20151005-SGXannMOU-CorePower.pdf
Total size =52K