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On March 11, Hubei Yihua Chemical Co.
, Ltd.
(000422) issued an announcement on the capital increase of Hubei Yihua Degradable New Material Co.
, Ltd.
: In order to meet the funding needs of the new degradable material project, promote its 60,000 tons/year biodegradable For the construction of the new material project, the company plans to increase the capital of Hubei Yihua Degradable New Material Co.
, Ltd.
(hereinafter referred to as "degradable new material") by RMB 130 million
.
Hubei Yihua Degradable New Material Co.
, Ltd.
is a wholly-owned subsidiary of Hubei Yihua, and is mainly responsible for the construction of its 60,000-ton degradable material project
.
As of September 30, 2021, the total assets of Degradable New Materials were 34,464,381.
Hubei Yihua Degradable New Material Co.
Project progress: Project progress: Project progress:The project has completed the construction of the pile foundation, and is currently carrying out the civil construction of the main device; the equipment bidding work has been basically completed, and the large-scale equipment required by the project has entered the manufacturing stage.
Capital increase method and source of capital: Capital increase method and source of capital : Capital increase method and source of capital:The 130 million yuan capital increase subscribed by the company will be paid in 4 installments before the end of 2022 according to production and operation needs.
The sources of funds are all self-owned funds.
After the capital increase is completed, Degradable New Materials is still a wholly-owned subsidiary of the company.
project status project status
Project name: Project name: 60,000 tons/year biodegradable new material project of Hubei Yihua Degradable New Material Co.
, Ltd.
Construction unit: Hubei Yihua Degradable New Material Co.
, Ltd.
Construction unit: Construction unit: Hubei Yihua Degradable New Material Co.
Construction site: Construction site: Yichang Yaojiagang Chemical Park (Tianjiahe Area)
Construction nature: new construction (relocation)
Construction nature: Construction nature: New construction (relocation)Total investment: 806.
Total investment: Total investment: 806.
Construction period: Construction period: The project construction period is 12 months
The main project of the project:
The main project of the project: the main project of the project:
