On the 11th announcement, the company decided to invest in the construction of the China Chemical Qidong New Material Industrial Park project in the Lusi Marine Economic Development Zone, Qidong, Jiangsu Province. The project is expected to have a total investment of 4 billion yuan. The company plans to purchase industrial construction land with an overall planning area of ​​about 5,000 mu for the project.
According to the announcement, the operation mode of the project is to set up the company's operations and plans to set up a company with a registered capital of 500 million yuan as its wholly-owned subsidiary. The main business is to carry out the overall planning of the park, investment promotion, project investment construction and operation management, and Park infrastructure construction to provide services.
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