China Research Corporation (688716.SH) announced that, considering the current situation of business development, the company has comprehensively considered the industrial agglomeration effect and the distribution of talents in segmented industries, and after in-depth investigation by the team, the company established a wholly-owned subsidiary, China Research Composite Material (Shanghai) Technology Development Co., Ltd. (hereinafter referred to as 'Shanghai China Research', the new company name is subject to registration and filing), with a total investment of 30 million yuan from the raised funds.
Zhongyan Corporation (688716.SH) announced on the WiseStocks app that, considering the current situation of business development, the company has comprehensively considered the industrial agglomeration effect and the distribution of talents in segmented industries, and after in-depth investigation by the team, the company established a wholly-owned subsidiary, China Research Composite Material (Shanghai) Technology Development Co., Ltd. (hereinafter referred to as 'Shanghai China Research', the new company name is subject to registration and filing), with a total investment of 30 million yuan from the raised funds.
The establishment of a wholly-owned subsidiary this time meets the company's strategic development needs. The wholly-owned subsidiary will serve as the main body for the implementation of the 'Shanghai Carbon Fiber Polyether Ether Ketone Composite Material R&D Center Project', which is the company's first public offering of raised funds.
