BRIEF-Yau Lee Holdings says unit entered into a JV agreement

April 6 (Reuters) - Yau Lee Holdings Ltd:

* Yau Lee Wah Technology, a wholly-owned subsidiary of

company, entered into a jv agreement with Jiangsu First


* Registered capital of jv company is expected to be rmb100


* JV company shall be, after its formation, owned as to 35%

by Yau Lee Wah Technology and 65% by Jiangsu First Construction

* Yau Lee Wah Technology will contribute a total amount of

rmb35 million

* Jiangsu First Construction will contribute a total amount

of rmb65 million in form of cash

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