FUJITSU, FUJIAN PROVINCE FORM JOINT VENTURE
Fujitsu Ltd <ITSU.T> said it signed a
joint venture agreement with the Post and Telecommunication
Administration Bureau of Fujian Province (PTABF), China to
develop and sell software for the Fujitsu-designed digital
telephone switching machine FETEX-150.
    It said in a statement the joint company, <Fujian Fujitsu
Communications Software Ltd> located in Fuzhou city, was
capitalised at about 10 mln yuan and was owned 51 pct by PTABF
and 49 pct by Fujitsu.
    It would create about 20 local jobs and has a target of
annual software sales of 330 mln yen in 1992, Fujitsu said.
 REUTER
