APOLLO Mobility (00860.HK) Subsidiary jointly establishes a company with 50 million yuan, holding 50% equity

NightAirdropper · 2026-02-26T09:46:22+00:00

APOLLO Mobility announces the signing of a joint venture agreement with its partners to establish a joint venture company with a registered capital of 100 million RMB. Apollo Ningbo will contribute 50 million RMB, accounting for 50%; Ningbo Xingtongda will contribute 45 million RMB, accounting for 45%; Hangzhou Furui will contribute 5 million RMB, accounting for 5%.

NightAirdropper

2026-02-26 09:46:22

Abstract generation in progress

Gelonghui, February 24 — APOLLO Mobility (00860.HK) announced that on February 24, 2026, its wholly-owned subsidiary Apollo Ningbo and a joint venture partner entered into a joint venture agreement to establish a new company.

According to the terms of the joint venture agreement, the registered capital of the joint venture will be RMB 100,000,000. Apollo Ningbo, Ningbo Xingtongda, and Hangzhou Fulei will each contribute RMB 50,000,000 (approximately HKD 56,000,000), RMB 45,000,000 (approximately HKD 50,400,000), and RMB 5,000,000 (approximately HKD 5,600,000), respectively, representing 50%, 45%, and 5% of the registered capital of the joint venture.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes