Jujushun recently announced that according to the strategic development needs of Hangzhou Jushun New Materials Co., Ltd. (hereinafter referred to as the “company”), in order to further accelerate the international layout, the company intends to invest 1 million Hong Kong dollars in the establishment of Hong Kong The wholly-owned subsidiary Jushun International (Hong Kong) Co., Ltd. (tentative name, subject to the final approval and registration of the relevant local competent authority), at the same time, authorizes the chairman of the company or his designated personnel to list in relevant laws, regulations, rules and other normative documents Within the scope of the company, it has full authority to handle matters related to the establishment of the subsidiary company.
Basic information about the proposed subsidiary:
Company name: Jushun International (Hong Kong) Co., Ltd. (tentative name, subject to the final approval and registration of relevant local authorities)
Company Type: Limited Liability Company
Proposed address: Hong Kong
Registered capital: 1 million Hong Kong dollars
Method of contribution and source of funds: Invest in currency, and the source of funds is self-owned funds.
Investor’s shareholding ratio: Hangzhou Jushun New Materials Co., Ltd. holds 100% of the shares.
Business scope: sales of nylon 6, nylon 66, special nylon, and new materials (finally subject to the approval and registration of relevant local authorities).
The wholly-owned subsidiary has not yet been established, and the company’s name, establishment address, business scope and other information are subject to final approval and registration by the relevant local authorities.
The foreign investment to establish an overseas subsidiary still needs to be filed or approved by the competent department of the National Development and Reform Commission, the competent department of commerce, the foreign exchange management department and other relevant government departments. There is a risk of uncertainty in the filing or approval of the filing or approval, as well as the final filing or approval time.
Polymer Shunzhi has been mainly engaged in the R&D, production and sales of new nylon materials since its opening.
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