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Jiahua Energy (600273): 100 Million Yuan To Invest In The Establishment Of Sulfonated Pharmaceutical Technology Subsidiary
600273.SH announced that the twenty-fourth meeting of the eighth board of directors held a motion to establish a wholly owned subsidiary.
The company intends to invest RMB 100 million yuan to set up a wholly owned subsidiary of Zhejiang Jiahua sulfonated Pharmaceutical Technology Co., Ltd. (the name of the company is finally approved by the industry and Commerce), and organize the R & D, production and sale of sulfonated pharmaceutical products. The board of directors of the company authorized Mr. Wang Hongliang to handle the procedures related to the new company and sign relevant documents.
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