TLDR:
Cherish Sunshine International Limited has announced a capital increase for JV Company I, with partners Chenghui New Energy and Jiangyin Daxiang contributing additional funds. However, the financial results of JV Company I will not be consolidated into Cherish Sunshine’s financial statements.
Article Summary:
Cherish Sunshine International Limited, a company traded on the Hong Kong stock market, has announced an increase in the capital of JV Company I. The registered capital of the joint venture has jumped from RMB 130 million to RMB 280 million. The partners, Chenghui New Energy and Jiangyin Daxiang, will be contributing additional funds to retain their respective stakes in the venture.
The financial results of JV Company I will not be consolidated into Cherish Sunshine’s financial statements, indicating a separation of financial reporting for this specific venture. This move showcases the commitment of the partners to the joint venture and their dedication to its growth and success.
This update from Cherish Sunshine International Limited highlights the company’s continued investment in joint ventures and its strategic partnerships in the market. Investors can find further insights into HK:1094 stock on TipRanks’ Stock Analysis page.
