Kaili New Materials Subsidiary Plans to Invest 230 Million Yuan in Catalytic Materials Project

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โดย 科创板日报·CN·Read original
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Kaili New Materials announced that its wholly-owned subsidiary Kaili Binzhou plans to invest 230 million yuan to build a high-end functional catalytic materials industrialization project. Upon completion, it will form an annual production capacity of 2,940 tons of high-end functional catalytic materials. The investment has been approved by the board of directors and does not require submission to the shareholders' meeting for review, but it still needs to be filed or approved by the competent government authorities.

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Subsidiary Kaili Binzhou is the direct investor in the project, boosting its growth prospects.

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