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star shine hldg (01440.HK) is planning to set up a joint venture to organize the CR7 Museum HK, showcasing the records of C Ronaldo's life and career.
Star Shine Hldg (01440.HK) announced a memorandum of understanding regarding the possible collaboration to hold a touring exhibition in Hong Kong for the brand of a Portuguese football superstar Cristiano Ronaldo (C Ronaldo) museum. The contracting parties have reached subscription agreements, joint venture agreements, and loan agreements for the organization and development of the CR7 Museum HK through the joint venture company Starspace. Asia Partners subscribed for 100 shares of the joint venture company's common stock, accounting for 50% of the enlarged issued shares of the joint venture company, at a subscription price of 100 yuan. After completion, the equity of the joint venture company will be held by the group's direct wholly-owned subsidiary.
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