BRIEF-Truly International Holdings updates on JV formation of investment RMB11 billion

March 14 (Reuters) - Truly International Holdings Ltd

* Truly Electronics, a unit , entered into MOU with Shucheng

County People's Government and China Fortune Land

* Deal in relation to formation of JV company in Shucheng

County, Lu'an City, an Hui Province in PRC

* Total investment of JV company will be RMB11 billion

* Registered capital of JV company will be RMB6.50 billion

and truly electronics will contribute RMB500 million by cash

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