---
title: "Greatchem: Wholly-owned subsidiary plans to jointly invest 3 million yuan with related parties to establish a joint venture company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262383774.md"
description: "Greatchem announced that its wholly-owned subsidiary Guangzhou Henong, along with related parties Wang Shiyin, Wu Guanghui, and Che Lin, jointly invested to establish a joint venture company Shaoguan Henong, with a registered capital of 3 million yuan. Guangzhou Henong contributed 2.55 million yuan, accounting for 85%; the three related parties each contributed 150,000 yuan, accounting for 5%. This transaction is a related party transaction, priced according to the principle of fairness, with funding sourced from its own funds, and has no significant adverse impact on the company's finances and operations"
datetime: "2025-10-23T08:54:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262383774.md)
  - [en](https://longbridge.com/en/news/262383774.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262383774.md)
---

# Greatchem: Wholly-owned subsidiary plans to jointly invest 3 million yuan with related parties to establish a joint venture company

Greatchem announced that on October 23, 2025, the company's board of directors approved the proposal for its wholly-owned subsidiary, Guangzhou Henong, to jointly invest with related natural persons Wang Shiyin, Wu Guanghui, and Che Lin to establish Shaoguan Henong. The registered capital of the joint venture is 3 million yuan, with Guangzhou Henong contributing 2.55 million yuan, accounting for 85%; the three related persons each contribute 150,000 yuan, each accounting for 5%. The three related persons are the company's deputy general manager and directors. This transaction constitutes a related party transaction, does not constitute a major asset restructuring, is priced in accordance with the principle of fairness, is funded from self-owned funds, and has no significant adverse impact on the company's finances and operations

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