Jiaotong Construction Co., Ltd. (603815.SH) plans to establish a joint venture, Shanghai Yegasefin Industrial to expand business related to coffee beans in Ethiopia

Zhitong Finance App News, Jiaotong Construction Co., Ltd. (603815.SH) announced that the company and the joint venture plan to jointly fund the establishment of a joint venture, Shanghai Yegasefin Industrial Development Co., Ltd., to focus on the import and sale of coffee beans from Ethiopia and the deep processing business. The joint venture has a registered capital of 10 million yuan, of which Jiaotong Construction Co., Ltd. has pledged an investment of RMB 80 million in the form of monetary capital, accounting for 80% of the registered capital; the Shanghai Ethiopian Enterprise Management Center (limited partnership) has pledged an investment of RMB 20 million in the form of monetary capital, accounting for 20% of the registered capital.

According to reports, the foreign investment joint venture has channel resource advantages in the coffee bean export business in Ethiopia. The management team has been operating coffee and other chain brands for many years, and has rich operation and management experience in coffee operations and Chinese companies going overseas, laying a good foundation for the joint venture to quickly develop business.