Tian Di Technology (600582.SH) plans to invest 450 million yuan to establish a joint venture to enhance its overseas market after-sales service and operation and maintenance capabilities.

Financial APP news, Tiandi Technology (600582.SH) announced that the company plans to establish a joint venture company, Hainan Company (registered capital of 500 million yuan), in Haikou City, Hainan Province with its controlling shareholder, China Coal Technology and Engineering Group Co., Ltd. The company intends to invest 4.5 billion yuan with its own funds, holding a 90% stake.