Zhejiang RIFA Precision Machinery Co. signed a MoU to establish a JV in Taiwan with Yin Fu Inc., Ltd. It and Yin Fu each will control a 49% and 51% stake in the JV with an injection of TWD 9.8 million, or about CNY 2.03 million, and TWD 10.2 million. The newborn will focus on import and export cargoes and technologies as well as sale od digital machine tools, machinery equipment and related parts.