CNSIG Inner Mongolia Chemical Industry (SHA:600328) and CNPC Taihu Investment (CNPC Taihu) established a joint venture, Zhongyan CNPC (Inner Mongolia) Alkali Industry, according to a Thursday filing with the Shanghai Bourse.
With a registered capital of 40 million yuan, CNPC Taihu holds a 51% stake, while Zhongyan Chemical owns 49%.
The venture will focus on acquiring and developing natural soda resources in Inner Mongolia, leveraging both companies' technical and financial strengths to enhance industry presence and support sustainable development.
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