Sinochem International: wholly-owned subsidiary and affiliates jointly invest in the establishment of a joint venture company.
China National Chemical International announced that the 14th meeting of the 10th Board of Directors of the company approved multiple proposals. Among them is the approval of the proposal "Regarding the establishment of a joint venture company jointly invested by the company's wholly-owned subsidiary, China National Chemical Plastics, and related parties, as well as related transactions". The company's wholly-owned subsidiary, China National Chemical Plastics Co., Ltd., will establish China Polycarbonate Sales Co., Ltd. in Liaocheng, Shandong in partnership with Luxi Chemical and Cangzhou Dahua through cash contributions. The registered capital of the new joint venture company is 5 million yuan, with Luxi Chemical contributing 2.55 million yuan, Cangzhou Dahua contributing 1.5 million yuan, and China National Chemical Plastics contributing 950,000 yuan, with shareholding ratios of 51%, 30%, and 19% respectively.
Latest

