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Sinoma Technology plans to increase capital of CNBM Aviation to accelerate the implementation of aviation composite industry projects

 Last Update: 2022-08-28
 Source: Internet
 Author: User

Tags

composite industry

return invested capital

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On May 19, 2021, Sinoma Technology Co.
, Ltd.
announced that it intends to increase the capital of CNBM Aviation in proportion to its shareholding with CNBM United Investment Co.
, Ltd.
and China Composite Materials Group Co.
,

Ltd.

In April 2021, the three parties jointly invested 100 million yuan to establish CNBM (Shanghai) Aviation Technology Co.
, Ltd.
China United Investment holds 60% of the shares, Sinoma Technology holds 25%, and China Composite Materials holds 15%

The total amount of this increase is 950 million yuan

The announcement stated that this capital increase will help solve CNBM’s aviation capital needs, ensure the smooth implementation of follow-up projects, facilitate the accelerated implementation of CNBM’s civil aviation composite industry, and lay a solid foundation for the subsequent healthy development of CNBM’s aviation composite industry

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