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    VIVC   US9285341064

VIVIC CORP.

(VIVC)
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VIVIC CORP. and Quanzhou Harbour Group Co., Ltd. Sign Second Phase Agreements on Marina Production

06/11/2020 | 11:36am EST

VIVIC CORP. and Quanzhou Harbour Group Co. Ltd. signed an important second phase cooperation agreement on the development of Chongwu Yacht Marina. This agreement has set in motion the construction of the marina, which has greatly accelerated the progress of the project. During the first phase of the agreement, the two parties conducted copious amounts of on-site and theoretical demonstrations for the development of Chongwu Yacht Marina, submitting work reports and project reports to the government. The Chongwu Yacht Marina project has become the focus of the local government by improving the aesthetic city environment and adding commerce to the area. This agreement represents an important milestone by clarifying work roles of each party in the construction of Chongwu Yacht Marina. This project covers a total area of more than 38 acres and is located on the Chongwu Peninsula in Quanzhou, Fujian, China. It consists of a yacht marina, tourist resort hotel, artificial beach, and various other water sports recreations. The marina is in close proximity to national attractions, which draws record-breaking amounts of tourists each year. On the coastline around the marina, there are 12 charming golden sand beaches with rocky reef islands of all shapes and sizes. The evening sunset is particularly gorgeous.


ę S&P Capital IQ 2020
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Financials (USD)
Sales 2020 0,24 M - -
Net income 2020 -0,96 M - -
Net Debt 2020 0,12 M - -
P/E ratio 2020 -40,2x
Yield 2020 -
Capitalization 14,0 M 14,0 M -
EV / Sales 2019 272x
EV / Sales 2020 242x
Nbr of Employees -
Free-Float 28,8%
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Managers and Directors
Shang-Chiai Kung Chairman, President, CEO & Chief Financial Officer
Yun-Kuang Kung Director
Liao Kun-Teng Secretary & Director
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