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Beijing Oriental Yuhong Waterproof Technology Co Ltd to Establish New Sub-subsidiary

Tuesday, 29 Oct 2013 08:00pm EDT 

Beijing Oriental Yuhong Waterproof Technology Co Ltd announced that its Jiangsu-based wholly owned subsidiary, an investment company, and its Jiangsu-based sub-subsidiary, an insulation and waterproof technology company, will invest RMB 30 million and RMB 20 million respectively to establish a Kunshan-based company, which will be engaged in the design, research, sale, installation and technology consulting of waterproof materials, anti-corrosion materials, thermal insulation materials and construction equipments. The Company's subsidiary and the sub-subsidiary will each hold a 60% and 40% stake in the new company.