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Tianyuan Co., Ltd.: The holding subsidiary plans to cooperate with Laier Technology and other investment to fill the gap in the South China market
Source: Securities Times e Company
Securities Times · e company
Securities Times e Company News, Tianyuan Co., Ltd. (002386) announced on the evening of June 26 that Yibin Tianyi New Materials, a subsidiary of the company, signed an investment cooperation agreement with Laier Technology (688683) and Shunkong Development (003039), and planned to jointly Invested in the establishment of a limited liability company to accelerate the market expansion of Tianyi’s new material products. The registered capital of the new company is 100 million yuan, and Tianyi New Materials contributed 51 million yuan, accounting for 51%; Laier Technology accounted for 23%; and Sequential Development accounted for 26%. In the future, the new company will take Shunde District, Guangdong Province as the base in South China, cover the market to the Guangdong-Hong Kong-Macao Greater Bay Area, and gradually expand the business of new PVC-O pipes and PVC eco-friendly flooring across the country, improve profitability, and help Tianyi New Materials realize early Asset securitization targets.
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