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Red Avenue New Materials to Set Up Subsidiary, Factory in Thailand for $70 Million
Red Avenue New Materials Group (603650.SH): A subsidiary plans to establish a holding subsidiary to invest in the construction of a Rubbers additive production base.
On March 7, Gelonghui reported that Red Avenue New Materials Group (603650.SH) announced that the company plans to establish a holding subsidiary in Thailand through its wholly-owned subsidiary Hong Kong Red Avenue in partnership with related party Gold Dynasty Limited, to invest in the construction of a rubber additive production base. The total estimated investment for the project is expected to be no more than 70 million USD (approximately 0.5 billion RMB, subject to the actual investment amount for the project), of which the company plans to invest no more than 35.7 million USD (approximately 0.259 billion RMB, subject to the actual investment amount for the project) through its wholly-owned subsidiary Hong Kong Red Avenue using its own funds or self-raised funds.
Here's Why Red Avenue New Materials Group (SHSE:603650) Can Manage Its Debt Responsibly
Red Avenue New Materials Group's Affiliate Zhongce Rubber Gains IPO Approval
Red Avenue New Materials Group Shareholder Plans 1.3% Stake Reduction
Red Avenue New Materials Group (603650.SH): Yutong Investment plans to reduce its shareholding by a total of no more than 1.25%.
Red Avenue New Materials Group (603650.SH) announced that due to the Shareholder's own funding needs, Yutong Investment intends to participate in centralized bidding...
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) 25% Price Boost Is Out Of Tune With Earnings
