China Research Holdings announced that the company has set up a wholly-owned subsidiary, China Research Composite Materials (Shanghai) Technology Development Co., Ltd., with a registered capital of 30 million yuan from the funds raised. The subsidiary will serve as the implementation body of the company's first public offering fundraising project, the "Shanghai Carbon Fiber Polyether Ether Ketone Composite Material Research and Development Center Project".
中研股份：投资3000万元设立全资子公司
China Research Corporation: Invested 30 million yuan to establish a wholly-owned subsidiary.
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