Huazheng New Materials announced that in order to meet the increasing demand of the market, enhance the company's product delivery capabilities, consolidate and improve the company's market position, according to the company's overall business strategy planning, after the company's management and board of directors discussed and decided, the company plans to With its own capital of RMB 120 million, it invested to establish a wholly-owned subsidiary in Zhuhai, which is responsible for building a high-performance intelligent manufacturing and service base in southern China, as well as the subsequent production and sales of related products such as copper clad laminates.

 

The basic situation of the investment entity: the company is the sole entity of the foreign investment, and there is no other investment entity. The company intends to invest RMB 120 million in its own capital and hold 100% equity of Zhuhai subsidiary.

 

The announcement shows that the basic situation of the proposed foreign investment to establish a wholly-owned subsidiary:

 

Company name: Zhuhai Huazheng New Materials Co., Ltd. (tentative, subject to the approved name of the industry and commerce)

 

Registered capital: RMB 120 million

 

Business Type: Limited Liability Company

 

Legal representative: Liu Tao

 

Registered address: Zhuhai City, Guangdong Province

 

Business scope: sales, technical development and manufacturing of composite materials, electronic insulation materials, copper clad laminate materials, high-frequency high-speed heat dissipation materials, printed circuit boards, honeycomb composite materials, and thermoplastic honeycomb composite boards.

 

Ownership structure: The company invested RMB 120 million with its own funds, accounting for 100% of the registered capital.

 

Board of directors and management personnel: planned to be selected from the company or externally appointed

 

The above information is subject to the final approval result of the industrial and commercial administration.

 

The establishment of a wholly-owned subsidiary in this foreign investment is in line with the company's development strategy, is conducive to enhancing the company's overall strength, and is in the interest of the company and all shareholders. This investment will not adversely affect the company's operating conditions, and there will be no circumstances that harm the interests of the company and its shareholders.

 

Source: Dig Shell Network