Namchow : Announcement of the passing of the project investment agreement at the Directors’Meeting on behalf of Namchow Food Group (Shanghai) Co., Ltd.
Announcement of the passing of the project
investment agreement at the Directors'Meeting on behalf
of Namchow Food Group (Shanghai) Co., Ltd.
Date of events
2022/08/09
To which item it meets
paragraph 15
Statement
1.Date of the resolution of the board of directors or
shareholders meeting:2022/08/09
2.Content of the investment plan:
Nanchow Food Co. has proposed to establish a subsidiary, Chongqing
Namchow Co. (tentative), in Chongqing Municipal, serving as the
production base for the manufacturing of processing workshops, R&D
workshops, facility rooms, and other production equipment for whipped
cream and frozen dough in Western China and Southeast Asia markets.
3.Projected monetary amount of the investment:About RMB 480million
4.Projected date of the investment:
The project has 2 phases:
Phase 1: Approximately RMB 340 million; Construction begins within
3 months from land handover; Construction will be completed and put
into operation within 24 months from the construction commencement date.
Phase 2: Approximately RMB 140 million; Construction begins within 24
months from the operation commencement date in phase 1; Construction
will be completed and put into operation within 18 months from the
construction commencement date.
5.Source of capital funds:Self-owned and self-raised capital.
6.Specific purpose:
It is for the purpose of the promotion of operation strategy in
Western China and Southeast Asia markets, the meeting of the Company's
business development needs for operating sites, the realization of
local production and local supply, and the continued enhancement of the
Company's operating capability.
7.Any other matters that need to be specified:
If the actual investment amount in the future reaches the threshold
required to be announced, which is stipulated by relevant laws and
regulations, it will be disclosed on the Market Observation Post System
(MOPS).
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Namchow Chemical Industrial Ltd. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 14:05:06 UTC.
Namchow Holdings Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of bakery products. The main products include bakery products such as baking grease and frozen dough, lotion products such as crystal soap series, personal cleansing series, dishes and vegetables washing series products, flour foods such as frozen cooked noodles and instant noodles, ice products such as ice creams and popsicles, rice foods such as normal temperature rice, rice crackers and other snack foods. The Company is also involved in the catering business. The Company operates within the domestic market and to overseas markets.
Namchow : Announcement of the passing of the project investment agreement at the Directors’Meeting on behalf of Namchow Food Group (Shanghai) Co., Ltd.