Core Viewpoint - Zhonghong Medical (300981) announced the termination of its previous investment in a medical-grade glove project in Cangxi County, Sichuan Province, and plans to invest in the SEA1 production base with 20 nitrile glove production lines, with a total investment of 1.092 billion yuan [1] Investment Details - The total investment for the SEA1 production base project is 1.092 billion yuan, with no more than 580 million yuan of the raised funds being used for capital increase in wholly-owned subsidiaries Zhonghong International (Singapore) Co., Ltd. and Zhonghong International (Hong Kong) Trading Co., Ltd. [1] - The capital increase will amount to 406 million yuan for the Singapore company and 174 million yuan for the Hong Kong company, which will then jointly increase capital for Zhonghong Medical SEA1 Company according to their shareholding ratios [1] - The remaining funds for the project will be sourced from the company's own or self-raised funds [1]
中红医疗：拟投资10.92亿元建设丁腈手套生产线项目