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Jun 26, 2022 04:25 PM (GMT+8) · EqualOcean
Laier science and technology announced that the company signed the investment cooperation agreement with Guangdong shunkong Development Co., Ltd., an affiliate of Yibin Tianyi new material technology Co., Ltd., and jointly invested RMB 100million to establish a joint venture company, which mainly produces and sells PVC-O (biaxial oriented PVC) new pipes, supporting pipe fittings, supporting rubber rings, and PVC (PVC) eco-friendly flooring. Among them, the company contributed 23million yuan with its own funds, accounting for 23% of the registered capital of the joint venture; Tianyi new materials contributed RMB 51million, accounting for 51% of the registered capital of the joint venture; Shun Kong development contributed 26million yuan, accounting for 26% of the registered capital of the joint venture.