Baisheng New Materials (874893): The company plans to establish a wholly-owned subsidiary "Guiyang Baisheng New Materials Technology Co., Ltd." in Guiyang City, Guizhou Province.

Everyday Economic News

Bizheng New Materials announced on March 20 that to expand the company’s business layout, optimize product structure, and enhance market competitiveness in Southwest China, the company plans to establish a wholly-owned subsidiary in Guiyang, Guizhou Province, called “Guiyang Bizheng New Material Technology Co., Ltd.” (tentative name). The registered capital is planned not to exceed 3 million RMB. The specific company name, registered address, registered capital, and other details will be subject to industrial and commercial registration. The subsidiary will implement fixed asset project investments and construction. On March 18, 2026, the company held the 13th meeting of the second board of directors, which approved the proposal on external investment to establish a wholly-owned subsidiary in Guizhou for fixed asset project investment and construction. According to the company’s articles of association and the relevant regulations of the external investment management system, it still needs to be submitted for shareholder approval.

(Reporter Zeng Jianhui)

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