Yuanda Holdings (000626.SZ): Yuanda Petrochemical plans to invest 100 million yuan to establish a wholly-owned subsidiary, Xinheng Products

According to Zhitong Finance App News, Yuanda Holdings (000626.SZ) announced that Yuanda Petrochemical Co., Ltd. (Yuanda Petrochemical for short), the holding subsidiary of the company, invested 100 million yuan to establish a wholly-owned subsidiary Zhejiang Xinheng Products Co., Ltd. (abbreviation: Xinheng Products) in accordance with business and development needs, with a registered capital of 100 million yuan. The registered place is Ningbo Daxie Development Zone or High-tech Zone.

According to business and development needs, Yuanda Bussan established a holding subsidiary, Yuanda New Material Technology (Zhejiang) Co., Ltd. (tentative name, based on final registration, abbreviation: Yuanda New Materials), with a registered capital of 20 million yuan, of which: Yuanda Bussan invested 10.2 million yuan to hold 51% of the shares, Wang Xu invested 5.8 million yuan to hold 29% of the shares, and Zhang Qiang invested 4 million yuan to hold 20% of the shares.