Shida Shunhua (603026.SH) subsidiary plans to invest 722 million yuan to build a 200,000 tons/year electrolyte project.

Zhitong Finance APP news, Shida Shenghua (603026.SH) announced that its wholly-owned subsidiary Dongying Shenghua Lida Chemical Technology Co., Ltd. plans to invest in the construction of a 200,000 tons/year electrolyte project. The total investment for the project is estimated to be approximately 722 million yuan, with the construction location being 198 Tongxing Road, Kenli District, Dongying City, Shandong Province, and the construction period is 12 months.