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Lutai to invest 5 million set up Shanghai Lutai Textile and Garment Company

Source: Internet
Author: User
Keywords Clothing company Lutai
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Lutai A (000726) Friday Evening Notice said, the company intends to invest 5 million yuan to set up Shanghai Lutai Textile and Garment Co. The investment of Lutai company in full capital, investment ratio of 100%. The company said that the investment is mainly to deal with raw material prices, RMB appreciation and other adverse factors, enhance the company's products value-added, expand domestic demand market.

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