ZPMC to form joint venture with Yichui Technology for product line expansion

Shanghai Zhenhua Heavy Industries (ZPMC) announced it will form a joint venture with Shanghai Yichui Machinery Technology Co., Ltd., with a total registered capital of 50 million yuan. ZPMC will contribute 40 million yuan for an 80% stake, and Yichui Technology will contribute 10 million yuan for a 20% stake.

“董事会同意公司与上海亿锤机械科技有限公司共同出资5000万元成立合资公司。”stcn.com

• 1 source
• stcn.com振华重工：拟与亿锤科技成立合资公司Dec 6, 2023

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