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Longbai Group announced in the evening that the company's subsidiary Henan Baili New Energy Materials Co.
, Ltd.
(hereinafter referred to as "Baili New Energy") intends to establish a joint venture with Hubei Wanrun New Energy to build a 100,000-ton iron phosphate production line, with the registered capital of the joint venture The registered capital of Baili New Energy is RMB 100 million, and the registered capital of Hubei Wanrun New Energy is RMB 49 million.
Both parties contribute in cash
.
The company stated that through the implementation of this project, it will further strengthen the company's strategic layout of iron phosphate products, and can effectively meet the growing demand for iron phosphate at home and abroad, in line with the company's overall development strategy .
, Ltd.
(hereinafter referred to as "Baili New Energy") intends to establish a joint venture with Hubei Wanrun New Energy to build a 100,000-ton iron phosphate production line, with the registered capital of the joint venture The registered capital of Baili New Energy is RMB 100 million, and the registered capital of Hubei Wanrun New Energy is RMB 49 million.
Both parties contribute in cash
.
The company stated that through the implementation of this project, it will further strengthen the company's strategic layout of iron phosphate products, and can effectively meet the growing demand for iron phosphate at home and abroad, in line with the company's overall development strategy .
