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	<title>ChinaRetailNews.com &#187; Hexiang</title>
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		<title>Inno-Tech Holdings Invests RMB10.2 Million For Budget Hotels JV</title>
		<link>http://www.chinaretailnews.com/2008/05/27/1186-inno-tech-holdings-invests-rmb102-million-for-budget-hotels-jv/</link>
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		<pubDate>Mon, 26 May 2008 19:30:16 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Hotel & Travel]]></category>
		<category><![CDATA[budget hotel]]></category>
		<category><![CDATA[Hexiang]]></category>
		<category><![CDATA[hotel]]></category>
		<category><![CDATA[Inno-Tech]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[JV]]></category>
		<category><![CDATA[Zhejiang]]></category>

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		<description><![CDATA[Inno-Tech Holdings Limited has announced that it has invested RMB10.2 million to form a new joint venture with Zhejiang Hexiang Group to develop a business in the Chinese budget hotel sector. An initial registered capital of this new joint venture is RMB20 million consisting of RMB10.2 million from Inno-Tech Holdings and RMB9.8 million from Zhejiang [...]]]></description>
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