Jiangsu Sunshine nearly 300 million investment in wool textile finishing and woolen woolen company
Jiangsu Sunshine (600220) announced that the company intends to invest 282.5 million yuan to set up Jiangsu Sunshine Woolen Textile Co., Ltd., Jiangsu Sunshine Finishing Co., Ltd. and Jiangsu Sunshine Wool Garment Sales Co., Ltd.
Among them, Jiangsu Sunshine Woolen Co., Ltd., which is invested by the company, is a company that uses the company's advanced woolen equipment to carry out wool textile export. It is jointly invested by YZITINC and the company. The registered capital of the joint venture company is 150 million yuan, of which the company contributes 112.5 million yuan, accounting for 75% of the registered capital; the foreign joint venturer contributes 37.5 million yuan with the current exchange rate of RMB, accounting for 25% of the registered capital. YZITINC, a company that cooperates with the company, is a limited liability company established and existing under the laws of the British Virgin Islands. In recent years, the company has invested in a number of companies in the country, mainly in the field of wool spinning and medicine, and has foreign wool yarn users. A stable and cooperative relationship.
The proposed Jiangsu Sunshine Finishing Co., Ltd. is mainly engaged in the finishing of woolen fabrics and the sale of self-produced products. After the joint venture company put into production, the production capacity will be 20 million meters of cashmere after the year, and its total investment and registered capital will be 220 million yuan, of which the company will invest 165 million yuan in cash, accounting for 75% of the registered capital; Chiente Co., Ltd. CNTEAM LTD contributes 55 million yuan at the current exchange rate of RMB, accounting for 25% of the registered capital.
According to the announcement, Chiente Co., Ltd. is also a limited liability company established and existing under the laws of the British Virgin Islands. The company is mainly engaged in the international trade of textiles and textile technology and foreign investment in related industries.
In addition, the company also plans to set up Jiangsu Sunshine Clothing Sales Co., Ltd. with a capital contribution of 5 million yuan, accounting for 100% of the registered capital.
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