Chiaki Hi-Tech 120 million seed joint venture company today a word trading

NetEase Finance February 10 News yesterday evening Chiaki High Division announced that the company and Vilmorin & Cie Group Holdings of Vilmorin, Kong 2¥Q signed a framework agreement (hereinafter referred to as "the Framework Agreement") for a joint venture contract in China in Changsha on January 27, 2011.　　According to the framework agreement, the two sides will jointly invest RMB 200 million to set up joint ventures in China to engage in research, production and marketing of hybrid maize seeds, wheat seeds and oils and vegetables. According to the framework agreement, Chiaki-Tech has invested RMB 120 million, accounting for the registered capital 60%,vilmorin RMB 80 million, accounting for its registered capital ratio of 40%.　　In order to attract the outstanding seed industry research and development, the Chiaki Tech Center will transfer the JV company's 5% stake to the JV management after the JV company is established. It is reported that Vilmorin & Cie group, the French limagrain Group Holdings 72% of the holding subsidiary, mainly engaged in field crop seed and vegetable seed operation, its shares in the Paris stock Exchange listed trading, is one of the world's largest seed industry group.　　Vilmorin Hong Kong 2¥q is a company formally established and registered in Hong Kong under the laws of the HKSAR, which is the 28 floor of 3 block, Taikoo Place, Queen's Road East, Hong Kong, with a registration number of 1068278 and a holding subsidiary of Vilmorin & Cie group. Affected by this news, Chiaki Hi-Tech today opened the word, trading volume is weak. Closing trading is not opened. The shares closed at 30.68 Yuan.