RUICHANG INTL plans to invest 120 million yuan to establish a joint venture company
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RUICHANG INTL plans to establish a joint venture with Shanghai Lanrui Environmental Energy Technology Co., Ltd. and Huangshan Ecological Environmental Protection Group Co., Ltd. on December 9, 2024, with a registered capital of 45 million yuan. The group expects to contribute 120 million yuan. The joint venture will focus on phosphorus pollution control and related waste treatment, utilizing existing technology to expand its business, and is expected to have no significant impact on the company's assets, liabilities, and profitability
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