Zhumian Group: A subsidiary plans to invest 10.2 million yuan to establish a joint venture.
Zhongmian Group Announcement: The company's subsidiary, Zhuhai Duty-Free Enterprise Group Co., Ltd., intends to jointly invest with Zhuhai Dahengqin Commercial Operation Management Co., Ltd. and Hengqin Shenhe Cultural Tourism Management Co., Ltd. to establish a joint venture company with a registered capital of 20 million yuan, of which the duty-free company will contribute 10.2 million yuan, holding a 51% stake. The joint venture will specifically operate the duty-free shop at the Hengqin Port and has been approved by the company's board of directors without requiring submission for shareholder approval.
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