2024-07-04

Hualan Co., Ltd. (stock code: 301093) plans to establish a joint venture with Dawnsens Corporation to operate the business of wet heat sterilization pharmaceutical packaging materials



Information source: Sina Finance's "Hualan Shares: Proposed Establishment of Joint Venture for External Investment"


微信图片_20240704132052.jpg


On the evening of July 2nd, Hualan Co., Ltd. (stock code: 301093) announced that the company has recently signed a "Shareholders Agreement" with Dawnsens New Materials (Xiamen) Co., Ltd. The two parties have established a joint venture company, whose main business scope is the research and development, production, and sales of wet heat sterilization pharmaceutical packaging materials (specific to the business license obtained after the company's establishment). The registered capital of the joint venture company is RMB 10 million, and Hualan Shares will contribute RMB 7 million with its own funds, accounting for 70% of the registered capital of the joint venture company.


The announcement shows that the external investment of Hualan Shares, while ensuring the development of the company's main business, is made with its own funds and has no significant impact on the company's ability to continue operating, financial condition, or operating results. It does not require approval from the board of directors or shareholders' meeting and does not constitute related party transactions or major asset restructuring. The investment aims to meet the needs of the company's strategic layout and industrial development, which is conducive to developing new business growth points, expanding influence, and promoting healthy development. The joint venture company established after this investment will be included in the consolidated financial statements of Hualan Shares.


Hualan Group and Dawnsens Corporation have both participated in the drafting of industry related standards and application guidelines, making positive contributions to promoting the improvement of quality levels in the pharmaceutical industry and meeting industry usage requirements.