Sanxiang Advanced Materials to jointly build zirconium oxychloride project with others
2019-07-11 16:30:17 [Print]
According to the report released by Sanxiang Advanced Materials on July 10th, the company plans to jointly build a zirconium oxychloride project of 20,000t with natural persons Shi Zhengjun and Jiao Xizhang in order to boost its strategic development plan and stimulate the development of zirconium industry
. The implementation entity of the project will be Liaoning Huaxiang New Material Co . , Ltd . Sanxiang New Materials and other two parities will invest the project in accordance with the proportion of shares they hold for the implementation entity . Thus, among the total investment of RMB358 . 5 million (52,219,892) in the project, Sanxiang Advanced Materials will invest RMB215 . 1 million (USD31,331,935) while the other two parties will invest in RMB143 . 4 million (USD20,887,957) in total.