Xinmin Technology First Set Up 90 Million Subsidiaries
Xinmin technology recently announced that the company recently and Jiangsu Province
Silk group
The limited company signed a memorandum of cooperation between the two parties, which is jointly invested with Jiangsu silk to set up Jiangsu Xinmin SOHO New Material Co., Ltd.
Xinmin Su Hao intends to invest in the annual output of 30000 tons of solvent cellulose fiber project, with a total investment of about 1 billion yuan, a registered capital of 350 million yuan, a company holding 60% stake, and Jiangsu silk holding a share of 40%, which is implemented in two phases in 5 years.
Among them, the first registered capital of 150 million yuan, the company invested 90 million yuan, holding 60% stake, Jiangsu silk invested 60 million yuan, holding 40% equity interest.
Both sides are funded in cash.
Xinmin SOHO can get all kinds of policies and policies in the country.
Preferential measures
The support will bring better profit margins for the company and further enhance the competitiveness of the company in the field of fiber production.
Textile industry
To enhance the company's image has become a new growth point for the company.
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