Hubei Sinophorus Electronic Materials (688545.SH) plans to jointly establish Hubei Xingfa Investment Co., Ltd.
Xingfu Electronics (688545.SH) announced that the company intends to co-invest with Hubei Xingfa and Yichang Xingfa to establish a joint venture named Hubei Xingfa Investment Co., Ltd. The registered capital of Xingfa Investment is set at 150 million yuan, with Hubei Xingfa planning to contribute 76.5 million yuan, accounting for 51%; Yichang Xingfa intending to contribute 36.75 million yuan, accounting for 24.5%; and the company planning to invest 36.75 million yuan of its own funds, also accounting for 24.5%. The purpose of this external investment is to build a specialized industrial investment platform, integrating various industrial resources, project channels, and capital advantages, and to conduct equity investment and industrial investment along the upstream and downstream of the industrial chain.
Hubei Sinophorus Electronic Materials (688545.SH) announced that the company plans to jointly invest with Hubei Xingfa and Yichang Xingfa to establish a joint venture called Hubei Xingfa Investment Co., Ltd. The registered capital of Xingfa Investment is 150 million yuan, of which Hubei Xingfa plans to invest 76.5 million yuan, accounting for 51%; Yichang Xingfa plans to invest 36.75 million yuan, accounting for 24.5%; and the company plans to invest 36.75 million yuan with its own funds, also accounting for 24.5%. The purpose of this external investment is to build a specialized industrial investment platform to integrate various industrial resources, project channels, and capital advantages, focusing on equity investment and industrial investment along the upstream and downstream of the industrial chain.
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