SMM: Plans to invest in the establishment of a holding subsidiary
On the evening of September 17th, Shandong Mining Machinery announced that the company plans to invest 6.5 million yuan of its own funds to jointly establish a holding subsidiary, Datong Huaxin Henghui Technology Co., Ltd., with Shanxi Henghui Hydraulic High-tech Co., Ltd. Huaxin Henghui has a registered capital of 10 million yuan, with the company holding 65% of the equity and Shanxi Henghui contributing 3.5 million yuan, holding 35% of the equity
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