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壹石通's wholly-owned subsidiary Yishitong Polymer plans to form a joint venture in South Korea with LK CELLTECH to produce and sell silicone foam and other ceramized polymer products. The JV will have registered capital of KRW 2.7 billion (about CNY 15.12 million), with Yishitong Polymer holding 51% and LK CELLTECH 49%.
“此次签署《投资合作协议》及在韩国合资设立孙公司,有利于公司与韩国LK CELLTECH实现优势互补和资源共享”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.