Request for Proposal
We, the Newchin Corporation, together with the Ministry of Foreign Investment
of China, submit the following request for proposals from foreign investory
interested in forming an automobile manufacturing joint venture with said entities.
Joint Venture Summary
Contribution Toward Total Capitialization:
- 70% to be provided by foreign investor.
- 30% to be provided by Newchin Corporation.
- 60% to be borrowed in the form of bonds by Newchin Corporation.
- Board of Directors - total of 9
3 - Foreign
- 5 - The Newchin Corporation
- 1 - Foreign Investment Commission of China
Initially 300,000 car production capability.
- 25% of which produced for export.
- Assuming growth in China's economy. Hence, expansion capabilities of up to
600,000 cars in the next five years will be required.
- The automobile to be produced will be fuel economic, rugged, reliable,
low emissions, hatchback, and four door sedan versions when requested.
Two possible free-trade zone locations are to be considered:
- in the municipality of Shanghai
- in the municipality of Tianjin
- Main Newchin Corporation Concerns