# Hi-P unit invests 22.8m yuan in coffee machine JV with Cino Coffee

Hi-P International's wholly owned subsidiary Huglomerate is investing 22.8 million yuan into a joint venture with Cino Coffee Machine Mfg Co Ltd to make coffee machines and provide packaging for coffee and beverages. Huglomerate will hold a 20% stake.

- Type: Investment
- Announced: 2017-06-16
- Where: China
- Value: $3.30M (22.8M CNY)
- Status: announced
- Products: coffee machines, packaging for coffee and beverages
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Hi-P International](https://endata.com/companies/24937.md) (investor)
- [Cino Coffee Machine Mfg](https://endata.com/companies/24938.md) (partner)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/hi-p-unit-sink-228m-yuan-coffee-machine-making-business), 2017-06-16: "A WHOLLY owned subsidiary of mainboard-listed Hi-P International is investing 22.8 million yuan (S$4.63 million) into a joint venture (JV) company that will make coffee machines and provide packaging for coffee and beverages."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.