On August 11, China Pinglai Shenma Group and Hong Kong Meisi International Investment Co., Ltd. held a joint venture and cooperation signing ceremony and formally established China Pingmei Shenma Group Kaifeng Xinghua Fine Chemical Co., Ltd.
The new joint venture company has a registered capital of 220 million yuan, which lays a solid foundation for the construction of the world's largest, best quality, and most competitive saccharin production company in Kaifeng. China Pingmei Shenma Group has advantages in the chemical industry, and Hong Kong Meisi International Investment Company has strong technical, managerial and international marketing advantages.
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