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*ST Kerry (002072): To Set Up A Subsidiary Company For Expanding Coal And Other Businesses.

2019/12/5 11:13:00 0

*ST KerryKai ReedGerman Cotton SharesTextile StocksThe Latest Announcement

In December 4th, *ST announced that in December 4th, the company held the fifteenth meeting of the seventh board of directors, and deliberated the adoption of the bill on the establishment of subsidiaries and related transactions in foreign investment.

In order to expand the coal business and enhance its own continuous operation capability, the company intends to jointly invest RMB 16 million yuan with Kai Hong (Hubei) Supply Chain Management Co., Ltd. (hereinafter referred to as Kay Hong Company) to set up a controlling shareholder (the final registration is based on business and nuclear registration), of which the company invested RMB 15 million 840 thousand yuan, accounting for 99% of the registered capital of the proposed subsidiary, and Kay Hong Company invested 160 thousand yuan, accounting for 1% of the registered capital of the subsidiary company to be established. ,

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