The step for New World CyberBase to enter mainland China's market has recently been adjusted due to a change in shareholding structure that has taken place to the plan of a new start-up joint venture providing charter flight and aircraft management services with National Trust and Shenzhen Hong Ju Da originally announced in July this year. China-CBN received confirmation from New World CyberBase that Shenzhen Hong Ju Da has already withdrawn, and Shenzhen Airlines took its place to act as the co-operation partner. New World CyberBase, Shenzhen Airlines and National Trust will hold 43%, 46% and 11% respectively in the joint venture.

Because of the shareholding change stated hereabove, the capital investment by New World CyberBase in the joint venture will reduce to RMB43 million from RMB49 million under the original shareholding structure. However, the registered capital of the joint venture remains the same, and is still RMB100 million, while Shenzhen Airlines will invest RMB46 million according to the registered capital investment ratio. (Translation: CARNOC - Tao Mengping)

Original URL: http://news.carnoc.com/list/73/73271.html