finance
Phancy Group Forms Joint Venture with Huanxi Media
Phancy Group Co Ltd announced a strategic alliance and joint venture framework agreement with Huanxi Media. The companies project that service fees paid to Phancy will exceed $200 million within three years.
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Phancy Group Co Ltd announced a strategic alliance and joint venture framework agreement with Huanxi Media. The agreement establishes a framework for cooperation between the two companies. Target service fees to Phancy are projected to exceed $200 million within three years.
The announcement was made in a corporate filing. No additional details on the scope of the joint venture or specific projects were disclosed.
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