Zhejiang Shangtou (000906) announced on the evening of June 17 that in order to accelerate the implementation of the company's "trade-industry integration" strategy, layout strategic emerging industries, it is proposed to agree to the wholly-owned subsidiary Zhongtuo New Materials' investment of 144 million yuan to build the phase II project. After the production of the phase II project, it will further enhance the production capacity, product quality and product added value of Zhongtuo New Materials, realize the coverage of medium, high and cutting-edge product categories in the product structure, and improve the core competitiveness and profitability of Zhongtuo New Materials.
浙商中拓：子公司拟投资建设二期项目
Zheshang Development Group: Subsidiary plans to invest in the construction of phase II project.
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