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Boamax Technologies to Set Up 320 Million Yuan Joint Venture; Shares Drop 4%
Jiangsu Boamax Technologies Group (002514.SZ): plans to invest 0.134 billion yuan to establish a joint venture.
Gelonghui, January 6th丨Jiangsu Boamax Technologies Group (002514.SZ) announced that, based on the needs of the company's Global Strategy development, the company plans to sign a "Private Equity Agreement" with Pujiang Guoyin Yexin Private Equity Partnership (Limited Partnership) and Mr. Fu Zhiwei to jointly establish a joint venture (the name of the joint venture will be subject to the final approval of the market supervision department) (hereinafter referred to as the "joint venture"). The registered capital of the joint venture is proposed to be 320 million yuan, of which the company's MMF investment is 134.4 million yuan, accounting for 42% of the registered capital of the joint venture, with the funds mainly sourced from the company's actual controller.
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