--- title: "Great River Smarter and the investment platforms of Huizhou City and District jointly established a joint venture company to layout the Daya Bay Petrochemical Zone" type: "News" locale: "en" url: "https://longbridge.com/en/news/232901673.md" description: "Great River Smarter, together with Huizhou Daya Bay Petrochemical Investment Group and Huizhou Port Development Company, has jointly established Huizhou Hongzhi Chemical Logistics Co., Ltd., with a registered capital of 60 million yuan, of which Great River Smarter contributed 30.6 million yuan, holding 51% of the shares. This move aims to strengthen the company's chemical warehousing business layout in the Guangdong-Hong Kong-Macao Greater Bay Area, enhance comprehensive service capabilities, and assist in the industrial upgrading of Huizhou. Huizhou Hongzhi will provide hazardous chemical warehouses and value-added services, with subsequent project land covering approximately 53,000 square meters" datetime: "2025-03-24T04:19:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/232901673.md) - [en](https://longbridge.com/en/news/232901673.md) - [zh-HK](https://longbridge.com/zh-HK/news/232901673.md) --- # Great River Smarter and the investment platforms of Huizhou City and District jointly established a joint venture company to layout the Daya Bay Petrochemical Zone According to the announcement from Hongchuan Zhihui (002930.SZ), based on the company's strategic need for the scaled development of its second main business in chemical warehousing, the company has jointly invested with Huizhou Daya Bay Petrochemical Investment Group Co., Ltd. (referred to as "Petrochemical Investment Company") and Huizhou Port Development Co., Ltd. (referred to as "Port Development Company") to establish Huizhou Hongzhi Chemical Logistics Co., Ltd. (referred to as "Huizhou Hongzhi"), with a registered capital of 60 million yuan. Among them, the company contributes 51% of the capital with its own funds, amounting to 30.6 million yuan. Huizhou Hongzhi is a holding subsidiary of the company, and the relevant business registration procedures have recently been completed, obtaining a "Business License" issued by the Market Supervision Administration of the Huizhou Daya Bay Economic and Technological Development Zone Management Committee. The Huizhou Daya Bay Petrochemical Industrial Park is one of the key petrochemical industrial bases developed nationwide and ranks first among the high-quality development chemical parks in China's petrochemical industry, gathering numerous leading enterprises in the petrochemical sector. The implementation of this investment construction project will strengthen the company's layout of chemical warehousing business in the eastern Guangdong-Hong Kong-Macao Greater Bay Area and will form effective synergy with the company's existing warehousing business on both sides of the Pearl River. Additionally, through this deep cooperation between the company and the two-level investment platforms in Huizhou City, it will help the company open up cooperation channels for participating in the industrial upgrading of Huizhou. Huizhou Hongzhi will be based in the Tsuen Wan Port area of Huizhou Port, providing hazardous chemical warehousing and value-added services to the Daya Bay Petrochemical Zone and its surrounding areas. The total land area for the subsequent investment construction project of Huizhou Hongzhi is approximately 53,000 square meters (subject to the actual area announced after the land listing), mainly constructing Class A warehouses, Class B warehouses, and supporting facilities such as packaging workshops (referred to as "warehousing projects"). Through the subsequent implementation of the Huizhou Hongzhi warehousing project, the scale and business coverage of the second main business in chemical warehousing will further expand, and the company's comprehensive service capabilities will be further enhanced, aligning with the company's strategic development needs ### Related Stocks - [002930.CN](https://longbridge.com/en/quote/002930.CN.md) - [00386.HK](https://longbridge.com/en/quote/00386.HK.md) ## Related News & Research - ["July Was A Bad Month": Jane Street Lost $15 Billion In First Down Month In A Decade](https://longbridge.com/en/news/296131995.md) - [Gattaca Says FY26 Group Net Fee Income Expected To Rise 11% To £43.20 Mln](https://longbridge.com/en/news/296064054.md) - [Polling firm closes down after it faked Hong, Bass polls](https://longbridge.com/en/news/296257250.md) - [Lyntris valued at $1.8 billion after shares fall in New York debut](https://longbridge.com/en/news/296376207.md) - [MAI Capital Management acquires Atlanta-based Waypoint Wealth Counsel](https://longbridge.com/en/news/296120580.md)