Ferrotec Corporation
Notice of Investment Decision for a New Cleaning Subsidiary in Beijing, China
The investment destination for the new subsidiary has been decided. A new subsidiary, Futaku Technology Development (Beijing) Co., Ltd., will be established with a capital of 300 million yuan and total investment of 45 million yuan. Impact on this fiscal year's results is expected to be minor.
Key Figures
- Capital: 3 hundred million Chinese yuan
- Contributed capital: 5,000 ten thousand Chinese yuan (Investing company) / 4,000 ten thousand Chinese yuan (Investee)
- Shareholding ratio: 70.00%
AI要約
Investment destination / Related parties
FerroTech has decided the investment destination for the cleaning new subsidiary and will establish Futaku Technology Development (Beijing) Co., Ltd. as a subsidiary. The capital structure is 70% held by Anhui Futaku Technology Development Co., Ltd., with involvement from multiple funds and investment companies; FTSVA will hold 70% voting rights in the subsidiary. Substantive capital, human resources, and business relationships are not with related parties.
Future impact and disclosure
The impact on this year's performance is expected to be minor, and if any items requiring additional disclosure arise, we will notify promptly. Establishment is scheduled for March 23, 2026, and the business content includes manufacturing equipment parts precision cleaning and recycling services.
Ferrotec Corporation
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