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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