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Pulin Medical Products' Unit Gets Registration Certificate for Enteral Nutrition Pumps
Zhonghong Medical (300981.SZ): plans to invest in the construction of a nitrile glove production line project.
On February 26, Gelonghui announced that Zhonghong Medical (300981.SZ) revealed, in order to carry out the company's Global Strategy adjustment plan, improve capital efficiency, enhance overall competitiveness, and effectively safeguard the interests of the company and investors, it agreed to terminate the previous investment in a Medical-grade glove project in Cangxi County, Sichuan Province, and agreed to invest in the construction of the Phase 1 project of the SEA1 production base with 20 production lines for nitrile gloves (referred to as the "SEA1 project"). The total investment of this project is 1.092 billion yuan (or the equivalent in Forex), of which the use of excess raised funds will not exceed 0.58 billion yuan (some of the excess raised funds will be swapped with self-owned Forex funds).
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