Csd Water Service Co.,Ltd. Plans Joint Venture with Affiliate to Enter Semiconductor Equipment Sector

Stock News07-24 20:00

According to a public announcement, Csd Water Service Co.,Ltd. (SH: 603903) plans to establish a joint venture with an affiliated party to enhance its overall competitiveness and seize development opportunities in new productive forces.

The company intends to jointly invest with Shandong Yuexin Electronic Technology Co., Ltd. (referred to as "Yuexin Electronics"), a wholly-owned subsidiary of its controlling shareholder, Jiangsu Core Changzheng Microelectronics Group Co., Ltd. The joint venture will primarily focus on the semiconductor equipment business.

The registered capital of the joint venture is set at 100 million yuan. Csd Water Service Co.,Ltd. will hold 51% of the equity, making it the controlling shareholder, while Yuexin Electronics will hold the remaining 49%. Both parties plan to contribute their respective capital in installments within three years after the establishment of the joint venture.

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