Minfa Aluminum Industry: Adjust the equity structure of overseas investment companies, with the subsidiary's shareholding increasing to 60%.
Minfa Aluminum Industry announced that in March 2026, the company plans to jointly invest 10 million yuan to establish Fujian Minfa Precision Technology Co., Ltd. with its wholly-owned subsidiary Fujian Minfa New Materials Technology Co., Ltd. and Fujian Minti Kitchen and Bathroom Co., Ltd., the former investing 4 million yuan for a 40% stake and the latter investing 6 million yuan for a 60% stake. Due to project optimization and upgrades, after negotiations, the equity structure has been adjusted so that the former invests 6 million yuan for a 60% stake and the latter invests 4 million yuan for a 40% stake. This investment is within the approval authority of the board of directors, does not involve related party transactions or major asset restructuring. There are risks in the registration and future operation of the investment company.
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