Financials, Technology, Consumer Staples Sep 23, 2021 05:51 PM (GMT+8)
Financial Associated Press, September 23 - Pengxin Resources announced that the company held the 17th meeting of the seventh board of directors on September 23, 2021, considered and adopted the proposal on joint investment and establishment of company and related party transactions with related parties, and agreed to sign the agreement on establishment of joint venture with Runzhong International Holdings Co., Ltd. ("Runzhong international"), The company plans to invest 35 million yuan to establish a joint venture with Runzhong international to carry out exploration and development cooperation on manganese minerals actually controlled by Runzhong international. The company to be jointly invested and established is tentatively named Pengrun Manganese Resources Co., Ltd. The registered capital is RMB 40 million.
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