BEIJING—South Korea’s Samsung Electronics plans to join Kejian and two other Chinese companies to set up a joint venture in China’s southern city of Shenzhen to produce CDMA handsets.
The venture would have a registered capital of US$20 million and an investment of US$59.78 million.
The partners would divide the shares as follows: Samsung 49 percent, Kejian 21 percent, Shenzhen Zhixiong Electronics 20 percent and Shanghai Lianhe Investment 10 percent.
Kejian has listed A-shares on the Shenzhen stock exchange, which are not available to foreigners.
