Huasu Holdings plans to jointly establish a precision CNC machine tool production base with Youchuang Intelligent and Zhonggu Lianchuang
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Huasu Holdings has signed an investment cooperation agreement with Youchuang Intelligent and Zhonggu Lianchuang to jointly invest in the establishment of Hubei Hongchuang Intelligent Equipment Co., Ltd., with a registered capital of 40 million yuan. Huasu Holdings will invest 18 million yuan, holding a 45% equity stake; Youchuang Intelligent will invest 16 million yuan, holding a 40% equity stake; Zhonggu Lianchuang will invest 6 million yuan, holding a 15% equity stake. The joint venture will build a precision CNC machine tool production base in the Xiaogan Laser Industrial Park for related production and sales
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