Sichuan Golden Summit Group (SHA:600678) plans to establish a subsidiary that will manufacture industrial robots and other equipment, according to a Shanghai bourse filing on Friday.
Xuzhou Fenggong Equipment Technology will have a registered capital of 10 million yuan.
The cement products manufacturer will set up the planned subsidiary through unit Sichuan Xingong Green Hydrogen Technology.
The company's shares fell 4% during afternoon trade.
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