Zhejiang Jinggong Integration Technology (SHE:002006) invested 10 million yuan for a 40% stake in new joint venture Zhejiang Huachuang Carbon Fiber Technology.
The joint venture, with a registered capital of 25 million yuan, aims to overcome technical bottlenecks and promote the commercialization of advanced carbon fiber and composite technologies, according to a Wednesday filing with the Shenzhen bourse.
Zhejiang Huachuang Carbon Fiber Technology has completed its business registration.
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