May 25 (Reuters) - Jiangsu Olive Sensors High-Tech Co Ltd :
* Says it plans to use 2.8 million yuan to set up a Yangzhou-based intelligent equipment JV
* Says the JV will be capitalized at 5 million yuan and the company will hold 55 percent stake in it
Source text in Chinese: https://goo.gl/C6bvQP
Further company coverage: (Beijing Headline News)