Shenma Co., Ltd. plans to increase capital of 170 million yuan, the Nylon Material Company

[Dahecai Cube News] On September 26, Shenma announced that it was planned to increase capital of the wholly -owned subsidiary -Henan Ping Coal Magnolia Materials (Suiping) Co., Ltd. in cash.

It is reported that Henan Ping Coal God Marin Materials (Suiping) Co., Ltd. mainly produces and sells plastic products such as BOPA film, polyamide film, and tie.

The capital increase is mainly used for the construction of the project of 30,000 tons of BOPA film with an annual output of 30,000 tons of BOPA film. The total investment of the project is 57.753 million yuan, of which 54.414 million yuan in construction investment, 18.74 million yuan in flowing funds at the bottom; 18 months of construction period; it is expected that the annual sales income of production after the project is expected 13%after tax, 6.6 years before the tax period (including the construction period) and 7.42 years after tax (including the construction period).

Shenma shares said that the company's capital increase of flat coal Shenmong Materials (Suiping) Co., Ltd., which is conducive to the further expanding business scale, accelerating project construction, improving profitability, improving the market Competitiveness and industry status will also improve the company's comprehensive competitiveness.

Responsible editor: Chen Yuyao | Review: Li Zhen | Director: Wan Junwei

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