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Silver Pigeon investment to invest 22.5 million euros in grass pulp project

Source: Internet
Author: User
Keywords Euro built
Tags accounting company external framework help joint joint venture project
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Silver Pigeon Investment (600069) January 21 Night announced that the company signed a framework agreement with the Finnish company, the two sides intend to jointly fund the establishment of a joint venture in Leihe, of which the company invested 22.5 million euros, plans to build a new annual output of 160,000 tons of new straw pulp project. The announcement indicated that the JV Company's registered capital was tentatively 30 million euros, in which the company contributed € 22.5 million, accounting for 75%, and the Finnish Branch company contributed 7.5 million euros, accounting for 25%. The company said that after the completion of the project will help the company to improve their own pulp ratio, reduce the external dependence of raw materials.

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