Hangzhou Oxygen Plant Group (SHE:002430), through its subsidiary Wuyuan Semiconductor Technology (Qingdao), will build an electronic bulk gas project and a new subsidiary, according to a Shenzhen Stock Exchange disclosure on Thursday.
The Chinese industrial gas manufacturer will invest 135 million yuan into the electronic bulk gas project and the new gas subsidiary will have a registered capital of 33 million yuan, the disclosure said.
The company's shares dropped less than 3% in recent trade.
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