--- title: "RUICHANG INTL plans to invest 120 million yuan to establish a joint venture company" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/221817283.md" description: "RUICHANG INTL plans to establish a joint venture with Shanghai Lanrui Environmental Energy Technology Co., Ltd. and Huangshan Ecological Environmental Protection Group Co., Ltd. on December 9, 2024, with a registered capital of 45 million yuan. The group expects to contribute 120 million yuan. The joint venture will focus on phosphorus pollution control and related waste treatment, utilizing existing technology to expand its business, and is expected to have no significant impact on the company's assets, liabilities, and profitability" datetime: "2024-12-09T14:14:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/221817283.md) - [en](https://longbridge.com/en/news/221817283.md) - [zh-HK](https://longbridge.com/zh-HK/news/221817283.md) --- > 支持的语言: [English](https://longbridge.com/en/news/221817283.md) | [繁體中文](https://longbridge.com/zh-HK/news/221817283.md) # RUICHANG INTL plans to invest 120 million yuan to establish a joint venture company According to the Zhitong Finance APP, Ruichang International Holdings (01334) announced that on December 9, 2024, Ruisheng Environmental Engineering (Huangshan) Co., Ltd. (a wholly-owned subsidiary of the company) signed a joint venture agreement with Shanghai Lanrui Environmental Energy Technology Co., Ltd. and Huangshan Ecological Environmental Protection Group Co., Ltd. to establish, operate, and manage a joint venture company. Ruisheng Huangshan will hold 80% of the registered capital of the joint venture, while the other partners will each hold 10% of the registered capital. The joint venture is primarily planned to engage in phosphorus pollution control deployment, phosphorus-containing waste treatment technology, and related waste product recycling. As of the date of this announcement, the registered capital of the proposed joint venture will be RMB 45 million, and the agreed total contribution will be RMB 150 million, which will be contributed by the contracting parties according to their equity ratios in the registered capital of the joint venture. Therefore, the group expects to have a total capital contribution of RMB 120 million under the joint venture agreement. The group will use its internal resources to fund the capital contribution, and it is expected that the establishment of the joint venture will not have any significant impact on the company's assets, liabilities, and profitability. The board of directors believes that establishing the joint venture company under the joint venture agreement will enable the group to leverage its existing technological capabilities and expand its business operations. The group is confident that the joint venture's business will complement the group's existing operations and create synergies within the group, as it utilizes the airflow technology used in the manufacturing and production of energy-saving equipment for coal chemical industry in the group's existing business. The joint venture aims to enhance the ecological environment protection level in Huangshan City, an international tourist destination, by constructing this solid waste resource demonstration project and promote subsequent nationwide implementation ### 相关股票 - [RUICHANG INTL (01334.HK)](https://longbridge.com/zh-CN/quote/01334.HK.md) - [DONGJIANG ENV (00895.HK)](https://longbridge.com/zh-CN/quote/00895.HK.md) - [Tongxing (301252.CN)](https://longbridge.com/zh-CN/quote/301252.CN.md) - [Skychem Technology (688603.CN)](https://longbridge.com/zh-CN/quote/688603.CN.md) - [Suochen (688507.CN)](https://longbridge.com/zh-CN/quote/688507.CN.md) - [Environment Protection (20030.HK)](https://longbridge.com/zh-CN/quote/20030.HK.md) ## 相关资讯与研究 - [Ruichang International Sees Revenue Growth but Profit and Margins Decline in 2025](https://longbridge.com/zh-CN/news/279995511.md) - [Ruichang International Reshapes Company Secretarial Team and Adjusts Listing Rules Waiver](https://longbridge.com/zh-CN/news/279991532.md) - [Nvidia Stock (NVDA) Braces for a Quick Snapback after a Rare Two-Quarter Losing Streak](https://longbridge.com/zh-CN/news/281360100.md) - [Nvidia Makes Equity Investment In Marvell Technology, Deepens NVLink Fusion Partnership](https://longbridge.com/zh-CN/news/281388869.md) - [Xpeng Mar deliveries rebound sequentially despite year-on-year decline](https://longbridge.com/zh-CN/news/281331957.md)