Branch crown wood industry 50 million yuan increase subsidiary

NetEase Finance March 2 News Division coronal Wood 2nd issued a notice, proposed to the wholly-owned subsidiary of Taizhou Branch coronal increase of 50 million yuan, used to raise capital investment project "Wood Comprehensive Utilization Project" construction.　　Earlier, February 16, the Division coronal Wood Industry Bulletin said the proposed investment of 380 million yuan to invest in new wood comprehensive Utilization project, the project will bring the company 18.02% yield.　　Branch Crown Wood Industry, said, Taizhou branch coronal original registered capital of 40 million yuan, the increase of the capital after the change of the registration of 90 million yuan. Branch Crown Wood Industry said that the wholly-owned subsidiary of the capital increase program, is to achieve the company's future development plans an important part of further implementation of the company to do strong, bigger development strategy.　　To the overall development of the company in the wood flooring industry, the best manufacturers and suppliers, and the establishment of wood flooring based on the gradual entry into the building materials industry comprehensive cross-sectoral, cross-regional, multi-functional large enterprise pattern is of great significance. Division crown Wood 2nd Low open concussion, closed down 0.76%, reported at 19.49 Yuan.