ST LANZHOU HUANGHE plans to invest 35.7 million yuan to establish a holding subsidiary
ST LANZHOU HUANGHE plans to invest CNY 35.7 million to jointly establish a joint venture company, Lanzhou Yellow River (Chongqing) Beverage Co., Ltd., with Chongqing Chengbiao Agricultural Development Co., Ltd. and Yancheng Silk Road Anlu Equity Investment Partnership. The registered capital is CNY 70 million, with a shareholding ratio of 51%. This move aims to optimize the company's strategic layout and enhance market competitiveness, particularly in the investment and development of the juice sector. The joint venture will be included in the company's consolidated financial statements and will become a subsidiary
According to the announcement from *ST LANHUANG (000929.SZ), in order to optimize the company's strategic layout and enhance market competitiveness, the company plans to further strengthen its business expansion in the beverage industry, with a focus on increasing investment and development in the juice sector. The company intends to sign a "Joint Venture Agreement" with Chongqing Chengbiao Agricultural Development Co., Ltd. (referred to as "Chongqing Chengbiao") and Yancheng Silk Road Anlu Equity Investment Partnership (Limited Partnership) (referred to as "Yancheng Anlu") to jointly invest in the establishment of a joint venture company, Lanzhou Yellow River (Chongqing) Beverage Co., Ltd. (tentative name). The registered capital of the joint venture company is 70 million yuan, of which the company will contribute 35.7 million yuan from its own or self-raised funds, holding a 51% stake. After the establishment of the joint venture company, it will be included in the company's consolidated financial statements and become a newly added subsidiary of the company
