Yongjin Shares (603995.SH) plans to set up a subsidiary to invest 1.151 billion yuan in the construction of a precision metal new material industrial project.

Zhtng finance and economics APP news, Yongjin Shares (603995.SH) announced that the company plans to establish Zhejiang Yongjin Precision Engineering Technology Co., Ltd. (temporary name, subject to the final approval of the relevant departments) with an investment of 1.151 billion yuan, and to construct the "annual output of 100,000 tons of precision metal new materials (ultra-thin precision stainless steel and titanium plate and strip) industrialization project."