March 16 (Reuters) - Yau Lee Holdings Ltd:
* Yau Lee Wah construction entered into a jv agreement with
jiangsu first construction for formation of jv company
* Yau Lee Wah construction and jiangsu first construction
will contribute amounts of rmb35 million and rmb65 million
respectively
* Registered capital of jv company is expected to be rmb100
million
* JV company shall be, after its formation, owned as to 35%
by yau lee wah construction and 65% by jiangsu first
construction
* Term of business is 20 years
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