Grandholdings (000626.SZ): Grand Oil & Chemical plans to contribute RMB 100 million to establish a wholly-owned subsidiary, Xinheng Wuchan.

Zhito Finance APP News: Yuanda Holdings (000626.SZ) announced that its controlling subsidiary Yuanda Petrochemical Co., Ltd. (referred to as Yuanda Petrochemical), based on operational and development needs, contributed RMB 100 million to establish a wholly-owned subsidiary, Zhejiang Xinheng Commodities Co., Ltd. (referred to as Xinheng Commodities), with a registered capital of RMB 100 million, and the registered address in Ningbo Daxie Development Zone or High-tech Zone.