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Limin Chemical invests USD1.5 million to establish fully owned subsidiary

On 7 December 2017, Limin Chemical Co., Ltd. (Limin Chemical) announced to use its self owned funding of USD1.5 million to establish a fully owned subsidiary called Jiangsu Limin Detection Technology Co., Ltd. in Nanjing, Jiangsu Province. Specifically,

 

l   Place of registration: Floor 19, Tower B, No.5 Xin Mofan Road, Gulou District, Nanjing, Jiangsu Province

l   Legal representative: Li Linhu

l   Registered capital: USD1.5 million

l   Business scope expected: technical detection, technology development and technical service & consulting; import & export of cargo and technology

 

The name, place of registration, legal representative, registered capital and business scope of the subsidiary should be ratified by the local industrial and commercial registration authority.

 

“The subsidiary is aimed at supporting the construction and certification of our GLP (=Good Laboratory Practice) laboratory which is expected to be certified by the Ministry of Agriculture of the People’s Republic of China and the Organization for Economic Co-operation and Development,” stated Limin Chemical, “This is favorable for us to improve the overall R&D capability, perfect the product line and the production process, and support the registrations in foreign countries.”

 

-ENDS-

NOTES TO EDITORS

 

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