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Yangmei Chemical Co., Ltd. Announces Capital Injection by Shanxi-based Subsidiary


Sunday, 27 Oct 2013 08:00pm EDT 

Yangmei Chemical Co., Ltd. announced that its Shanxi-based chemical machinery subsidiary will invest RMB 30 million in a Xinjiang-based chemical machinery company, while Dalian Jinzhou Heavy Machinery Company Limited will invest RMB 50 million in the Xinjiang-based company. As a result, the subsidiary will hold 50% stake in the Xinjiang-based company, down from 100%. 

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