WASH HOUSE Co. Ltd. announced that it has agreed to form a joint venture with Shandong Xiaqing Technology Development Co. Ltd., a company engaged in technology research and investment. Both companies involved in the transaction are based in Japan. As per terms of the agreement, the investment ratio is 60% for WASH House and 40% for Shandong Ogamo. Capital will be CNY 10 million (about JPY 156 million). Under terms of the agreement, the joint venture that is scheduled to be established in late December is the Yoo Go (Shandong) Washing Facility, based in Qingdao and it will develop technology for coin laundry equipment.