Shenzhou International rose nearly 1% in adverse market and signed a framework agreement with Ningbo Beilun District Government
Shenzhou International and the People's Government of Beilun District, Ningbo City, signed a framework agreement. According to the agreement, the parties should work on 18 environmental protection projects mainly related to the garment industry in Beilun District of Ningbo, including the expansion and renewal of fabric and clothing production capacity, the construction of warehouses, employee dormitories and office buildings, and sewage and solid waste treatment. Provide government service support to companies. The maximum investment amount for the 18 projects is estimated to be about CNY 7.2 billion.