Summary by Moomoo AI
C zenith chem announced on November 18, 2024, after the trading session, that it has signed a strategic investment framework agreement with three companies incubated by Suzhou Chuyihe Enterprise Management Co., Ltd: Hubei Yidong Yime Management Co., Ltd., Hubei Daohe Industrial Development Co., Ltd., and Fafu Duo Dining Management (Beijing) Co., Ltd. The agreement aims to support c zenith chem in developing business according to Hong Kong capital market regulations and specific conditions. The three companies will make strategic investments in c zenith chem of no less than $20 million based on market conditions and capital utilization. Investment forms may include subscription and issuance of notes, bonds, convertible bonds, and/or equity placement. The framework agreement is currently not legally binding, and specific...Show More