Fujian Qingshan Paper Industry (600103.SH) announced that the company intends to jointly invest with its controlling shareholder Fujian Textile Industry (Holdings) Co., Ltd. ...
According to the announcement of Qingshan Paper Industry (600103.SH), the company plans to jointly invest with its controlling shareholder Fujian Textile Industry (Holdings) Co., Ltd. ("Fujian Textile") and its wholly-owned subsidiary Fujian Salt Industry Group Co., Ltd. ("Provincial Salt Industry Company") to establish Fujian Qingshan Forestry Development Co., Ltd. ("Joint Venture"). The registered capital of the joint venture is planned to be CNY 0.18 billion, of which the company contributes CNY 90 million, with a 50% stake; Fujian Textile contributes CNY 45 million, with a 25% stake; Provincial Salt Industry Company contributes CNY 45 million, with a 25% stake.
It is reported that this external investment and related party transactions effectively leverage the resource advantages and scale advantages of the relevant parties, which is conducive to the company's continuous expansion of the scale of its raw material base, ensuring stable and high-quality supply of forest product raw materials, and thus strengthening the security of the supply chain.
