Yunhai Special Metals to increase investment into Pomlead
2018-08-24 17:19:40 [Print]
Yunhai Special Metals ("the Company") announced on the evening of August 22 that it had signed an investment-increasing agreement with Jiangsu Pomlead Co
Pomlead is mainly engaged in manufacturing of light-weight Al auto-hubs. New investment into Pomlead helps the Company expand its business chain into deep-processing field.
. , Ltd . ("Pomlead") and its controlling shareholder Shanghai Hongdi Investment Co . , Ltd . ("Hongdi Investment"); according to the agreement, the Company will invest into Pomlead another RMB40 million, of which RMB20 million are as registration capital and the rest as capital reserve . When the investment is done, the Company will hold a 15 . 22% share of Pomlead. Pomlead is mainly engaged in manufacturing of light-weight Al auto-hubs. New investment into Pomlead helps the Company expand its business chain into deep-processing field.