pennfierce3ht100| Zhejiang Rongtai: Thailand plans to invest in building a new mica materials and composite materials project for energy vehicles

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[Zhejiang Rongtai: Thailand plans to invest in a new mica materials and composite materials project for energy vehicles] Securities Times e Company Newspennfierce3ht100Zhejiang Rongtai (603119) announced on the evening of May 14 thatpennfierce3ht100In order to meet the company's overseas business development needs, the company plans to establish a subsidiary in Thailand through its wholly-owned subsidiary Singapore Rongtaipennfierce3ht100.pennfierce3ht100..

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[Zhejiang Rongtai: Thailand plans to invest in a new mica materials and composite materials project for energy vehicles] Securities Times e Company News, Zhejiang Rongtai (603119) announced on the evening of May 14 that in order to meet the company's overseas business development needs, the company plans to establish a subsidiary in Thailand through its wholly-owned subsidiary Singapore Rongtai, and ultimately invest in the construction of mica materials and new composite materials projects for new energy vehicles with an annual output of 18,000 tons. The total cumulative investment of the project is expected to be approximately 300 million yuan (equivalent to approximately US$42.2357 million).