New Daxin Materials plans to establish a new company to build a cutting resin diamond line project

Abstract The company plans to set up a wholly-owned subsidiary, Kaifeng Hengrui New Diamond Products Co., Ltd., with a total of RMB 31,989,900, which has not been used for the “new annual production of 3.6 million kilometers of cutting resin diamond line project” and the physical assets investment of the project. ...
The company plans to set up a wholly-owned subsidiary, Kaifeng Hengrui New Diamond Products Co., Ltd., with a raised capital of RMB 31,189,900 for the “new annual production of 3.6 million kilometers of cutting resin diamond line project” and the physical assets investment of the project.
According to the announcement, Kaifeng Hengrui New Diamond Products Co., Ltd. has a registered capital of 50 million yuan and plans to operate a new project of cutting 3.6 million kilometers of cutting resin diamond wire.

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