On October 9th, Guolonghui announced that Unic Technology (001207.SZ) held its 31st meeting of the second session of the board of directors on October 9, 2024, and approved the "Proposal on the Company's Controlling Subsidiary's Proposed Investment Construction Project", agreeing to invest in the construction of "0.03 million tons/year high-performance rare earth extractant series products and 50,000 tons/year hydrochloric acid salt projects" by the Company's controlling subsidiary, Shandong Union Chemical Co., Ltd. (hereinafter referred to as "Union Chemical"). The total investment of the project is 5.3014 billion yuan.
The implementation of this project will improve the profitability of the company and its subsidiaries, expand the product range, and at the same time promote the healthy and orderly development of the tri-n-butyl phosphate market, enhance the competitiveness of the product in domestic and foreign markets, and promote the development of related industries in China.
