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Hubei Xingfa Chemicals Group Co Ltd and Subsidiary to Establish Joint Ventures with Other Companies


Monday, 22 Jul 2013 08:00pm EDT 

Hubei Xingfa Chemicals Group Co Ltd announced that it will establish a Wuhan-based joint venture, which will be engaged in the export and import of goods and related technologies, with a Wuhan-based technology company. The joint venture will be with a registered capital of RMB 30 million, in which the Company will invest RMB 19.50 million and hold a 65% stake. In addition, a Xiangyang-based subsidiary will establish a Hubei-based joint venture, which will be mainly engaged in the research, development, production and sale of nanomaterials, with a Henan-based trading company. The joint venture will be with a registered capital of RMB 30 million, in which the subsidiary of the Company will invest RMB 18 million and hold a 60% stake. 

Company Quote

14.53
-0.26 -1.76%
19 Dec 2014