Jilin Chemical Fiber Stock announced that the company has signed a cooperation agreement with Jilin Provincial Equity Investment Fund Investment Co., Ltd. and Jilin Jichuang Specialized, Special and New Entrepreneurial Investment Partnership Enterprise to establish a joint venture company named Jilin Lvqian High-tech Co., Ltd., with a registered capital of 1.15 billion yuan. Jilin Chemical Fiber contributes MMF and physical assets of 650 million yuan, accounting for 56.52%. The joint venture company will build an annual output of 50,000 tons of synthetic fiber project, located in Jilin City Economic and Technological Development Zone. This investment aims to expand the business chain and improve market share and competitiveness.
吉林化纤：成立合资子公司，注册资本11.5亿元
Jilin Chemical Fiber has established a joint venture subsidiary with a registered capital of 1.15 billion yuan.
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