Gelonghui, December 30丨Teda Co., Ltd. (000652.SZ) announced that in order to thoroughly implement the Beijing-Tianjin-Hebei collaborative development strategy, the company plans to increase the capital of its wholly-owned subsidiary Tianjin Teda Carbon Asset Management Co., Ltd. (“Teda Carbon Asset Management”) by 22.5 million yuan with its own capital, and that TEDA Carbon Asset Management and Guangdong Bangpu Supply Chain Management Co., Ltd. (“Bangpu Supply Chain”) jointly establish a joint venture company, Tianjin Bangpu Taida Cycle Technology Co., Ltd. (“Bangpu Supply Chain” for short) “Investment company”) to develop Beijing-Tianjin-Hebei Waste battery recycling business.
The registered capital of Bangpu Taida is RMB 50 million, of which Teda Carbon Asset Management invested 22.5 million yuan in monetary terms, accounting for 45% of the registered capital; Brunp Supply Chain invested 27.5 million yuan in monetary terms, accounting for 55% of the registered capital. The establishment of a joint venture must be approved by the State Administration of Market Supervision and an anti-monopoly declaration before it can be carried out.
