Jilin Yatai joint venture investment, China

Jilin Yatai (Group) Co and its partner will together inject CNY285m (US$45m) into their Changchun, Jilin Province-based joint venture to support the joint venture development.

China Business Wire reported that Jilin Yatai will inject CNY211m of cash and will still hold a  64 per cent stake. It partner, a fully-owned subsidiary of CRH, will invest CNY74.1m in the joint venture and its stake will remain at 26 per cent.

After the injection, the joint venture will see its registered capital increase to CNY4.86bn from CNY4.57bn.