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2003-3-14 11:14:00 a.m. HKT, XFNA
STOCK ALERT - eForce higher after logistic JV with Shenzhen Shun Yip
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HONG KONG (AFX-ASIA) - eForce Holdings Ltd (943.HK) was higher after news
its unit will establish a logistic joint venture in China, dealers said.
At 10.58 pm, eForce Holdings was up 0.032 hkd or 13.16 pct at 0.275 on
trade of 5.96 mln shares.
In a statement to the Stock Exchange of Hong Kong, eForce said its 49 pct
owned unit Crown eForce Logistics Management (HK) Ltd agreed to form a 50:50
warehouse and logistics joint venture with Shenzhen Shum Yip Logistics Group
Holdings Co Ltd.
Crown eForce and Shenzhen Shum Yip will each contribute 22.5 mln yuan to
the joint venture.
wilfred.lee@afxnews.com
wl/mh/jg
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