Three Gorges New Materials announced that the company plans to jointly invest with its indirect controlling shareholder, SDIC, in the Three Gorges New Materials Lingang automotive and electronic glass project. The total investment of the project is approximately 2.6 billion yuan, of which the listed company will invest no less than 1.04 billion yuan. The project plans to build production lines for automotive and electronic glass, as well as ultra-clear energy-saving automotive glass, aiming to expand into high-value-added areas and enhance core competitiveness. This transaction constitutes a related-party transaction and still requires approval from the shareholders' meeting.
Hubei Sanxia New Building Materials Co LtdPlans to invest in high-value-added automotive and electronic glass project, enhancing competitiveness