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China Coatings Network
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Coatings Network
: Shanghai Jinlitai Chemical Co., Ltd. announced a capital increase to control Shanghai Adler New Materials Technology Limited Company has completed its work.
Shanghai Jinlitai Chemical Co., Ltd. ("Jin Litai" or "Company") held the ninth meeting of the 6th Board of Directors on December 26, 2014, which considered and adopted the "On the use of its own funds to increase capital to control Shanghai Adler New Materials Technology Limited Company and the acquisition of Zhejiang AdlerMen" Window Profiles Co., Ltd. business and part of the assets of the motion, agreed to the company's use of its own funds of 199.920 million yuan and natural persons Ding Congjun, Zhu Yunchuan, Pan Nenwen co-funded the Shanghai Adler New Materials Technology Co., Ltd. (hereinafter referred to as "Shanghai Adler") to increase capital and expand shares. Shanghai Adler will acquire the business and some assets of Zhejiang Adler Door and Window Profile Co., Ltd. ("Zhejiang Adler").
, Shanghai Adler has completed the registration procedures for industrial and commercial changes, and received the Shanghai Municipal Administration for Industry and Commerce Fengxian Branch issued a "business license."