Kingfa Sci. & Tech. has set up a new subsidiary in Zhengzhou, Zhengzhou Kingfa Technology Co., Ltd., with a registered capital of 100 million yuan. The company was established on June 30, with Zhu Zhihui as its legal representative. Its business scope includes research and development of bio-based material technologies, manufacturing of plastic products, research and development of new material technologies, and sales of engineering plastics and synthetic resins. Zhengzhou Kingfa Technology Co., Ltd. is jointly held by Kingfa Sci. & Tech., Wuhan Kingfa Technology Co., Ltd., and Tianjin Kingfa New Material Co., Ltd.
Kingfa Sci&Tech Co LtdEstablishment of a new subsidiary with 100 million yuan registered capital indicates expansion and investment in new material technologies.