BRIEF-China Kingstone Mining says unit entered into MoU

April 18 (Reuters) - China Kingstone Mining Holding Ltd

:

* Memorandum of understanding in respect of the proposed

formation of a joint venture

* Zhuhai Jinhong, a wholly-owned subsidiary of company, has

entered into a MOU in relation to proposed formation of a JV

company

* Pursuant to MOU, initial registered capital of JV company

is expected to be not less than rmb5 million

* Under MOU, it is proposed that JV company will be owned

beneficially as to 85% by Zhuhai Jinhong and as 15% by JV

partner

* JV company will be established as a limited liability

company for production of calcium carbonate

Source text: [http://bit.ly/2oHQiGe]

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