Jidong invests CNY240m into subsidiary, China

Jidong invests CNY240m into subsidiary, China
Published: 27 July 2011

Tangshan Jidong Cement plans to inject capital into Tangshan Jidong Cement Investment Development with Jidong Development Group, according to a company filing.

The firm will invest CNY240m (US$37.3m) in cash while Jidong Group will contribute CNY250m. That will raise the subsidiary registered capital rose to CNY1.99bn, and Jidong Cement will have a 49 per cent interest in it.