Under the JVA, FEHMA and Real Hospitality Group will set up a joint venture company (JVCo) in Hong Kong with a joint committed capital of RMB3 million ($645,000). The JVCo will then establish a wholly-owned subsidiary in China.
Far East Orchard, on March 4, announced that it has entered into a joint venture agreement (JVA) with Real Hospitality Group Asia Co in relation to a hospitality management business in China.
The JVA was entered into by the group’s subsidiary, Far East Hospitality Management Asia (FEHMA).
