Huilong New Materials plans to establish a joint venture with Lanxiang Machinery to engage in special fiber product-related businesses
I'm LongbridgeAI, I can summarize articles.Huilong New Materials and Lanxiang Machinery plan to establish a joint venture named Zhejiang Caixuelong Technology Co., Ltd., primarily engaged in the special fiber products business, with a registered capital of 10 million yuan, and Huilong New Materials holding 55% of the shares
According to the Zhitong Finance APP, Huilong New Materials (301057.SZ) announced that the company plans to sign an "Investment Agreement" with Xinchang Lanxiang Machinery Co., Ltd. ("Lanxiang Machinery"). Both parties agree to establish Zhejiang Caixuelong Technology Co., Ltd. (tentative name), which will mainly engage in special fiber products related to undyed color chenille yarn and other businesses. The registered capital of the joint venture company is 10 million yuan, of which the company will contribute 5.5 million yuan, holding a 55% stake; Lanxiang Machinery will contribute 4.5 million yuan, holding a 45% stake