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PHARE 140 million joint venture to establish metal products company

Source: Internet
Author: User
Keywords Metal Products
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Phare (000890) November 17 Evening announcement, the company intends to establish a joint venture with the controlling shareholder, Jiangsu Phare Sheng Group Co., Ltd. jiangyin PHARE Metal Products Co., Ltd.　　The company has invested 140 million yuan, accounting for 75% of the total registered capital, and the group has invested 46.8 million yuan in the state-owned land use right. announced that the joint venture company operating steel wire, wire rope manufacturing, processing and sales.

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