Fang da Special Steel to invest 20 million yuan to set up Shanghai catering subsidiary

China Securities Network News (reporter Shang) square Big Special steel (600507, Stock bar) September 24 evening Notice that the company's board of Trustees, the company intends to invest 20 million yuan in Shanghai to set up a holding subsidiary Shanghai Water Wave Cheung Long Catering Co. Catering company registered capital of 25 million yuan, of which Fang Tai Special steel capital of 20 million yuan, holding 80% per cent of the catering company. Shanghai Fu er Fu Investment Management Co., Ltd. ("Rich ER rich Investment") contributed 5 million yuan, holding 20% per cent of the catering company.　　Data show that FU-rich investment registered capital of 10 million yuan, registered status in Shanghai Changning District, business scope: Investment Management, industrial investment, sales of metal materials (except under), non-ferrous Metals, minerals (except under), coal and so on. Fang Tai Special Steel said that the establishment of the catering company all with the company's own capital contributions. Company to set up catering companies to meet the company's diversified development requirements. At the same time, the company uses the Shanghai is constructing the FTA area superiority, expands the company popularity.