---
title: "XINGXIN NEW MATERIALS: Plans to establish a holding subsidiary Guangxi XINGXIN with a registered capital of 100 million yuan"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/250356960.md"
description: "XINGXIN NEW MATERIALS announced plans to jointly invest with Guangxi Zhibo Ketu, Xinnuo Environment, and Jinbo Petrochemical to establish Guangxi XINGXIN NEW MATERIALS Co., Ltd., with a registered capital of 100 million yuan. XINGXIN NEW MATERIALS will contribute 70 million yuan, accounting for 70%; Zhibo Ketu will contribute 18 million yuan, accounting for 18%; Xinnuo Environment will contribute 9 million yuan, accounting for 9%; Jinbo Petrochemical will contribute 3 million yuan, accounting for 3%. The joint venture will implement the \"XINGXIN 153,000-ton polyolefin polyamine series product phase one project,\" with funding sourced from the company's own funds, and will be included in the consolidated financial statements after establishment"
datetime: "2025-07-28T07:46:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250356960.md)
  - [en](https://longbridge.com/en/news/250356960.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250356960.md)
---

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# XINGXIN NEW MATERIALS: Plans to establish a holding subsidiary Guangxi XINGXIN with a registered capital of 100 million yuan

XINGXIN NEW MATERIALS announced that the company has signed a capital contribution agreement with Guangxi Zhibo Ketuo, Xinnuo Environment, and Jinbo Petrochemical to jointly invest in the establishment of Guangxi XINGXIN NEW MATERIALS Co., Ltd., with a registered capital of RMB 100 million. XINGXIN NEW MATERIALS will contribute RMB 70 million in cash, accounting for 70% of the registered capital; Zhibo Ketuo will contribute RMB 18 million in cash, accounting for 18% of the registered capital; Xinnuo Environment will contribute RMB 9 million in cash, accounting for 9% of the registered capital; Jinbo Petrochemical will contribute RMB 3 million in cash, accounting for 3% of the registered capital. The joint venture company will serve as the project company for the implementation of the "XINGXIN 15.3 million tons of polyolefin and polyamine series products Phase I project," with funding sourced from the company's own funds, and will be included in the company's consolidated financial statements after establishment

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- [XINGXIN NEW MATERIALS (001358.CN)](https://longbridge.com/zh-HK/quote/001358.CN.md)

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