Yu Diamond intends to establish a holding subsidiary with Hengxiang Co., Ltd.

   China Superhard Materials Network News On June 15, Zhengzhou Huajing Diamond Co., Ltd. and Henan Hengxiang Diamond Abrasive Co., Ltd. signed a "Joint Venture Agreement" in Zhengzhou through friendly negotiation. The two parties agreed to establish a joint venture company. The registered capital of the joint venture company is 50 million yuan. Huajing Company invests 80 million yuan with its own funds, accounting for 51% of the registered capital of the joint venture company; Hengxiang Abrasives evaluates the fixed assets with a value of 40,706,700 yuan as assessed by the evaluation agencies agreed by both parties. And inventories as capital contribution, accounting for 49% of the registered capital of the joint venture company. Yu Diamond announced that this investment will establish a holding subsidiary, mainly engaged in the production and sales of synthetic diamond micropowder, which will help enrich the company's product structure, optimize the company's product grade, extend the company's synthetic diamond industry chain, and enhance the company's market competition. Force to improve the company's profitability.

Carbon and its compounds A wide variety of carbons can also be alloyed with iron, the most common being carbon steel; graphite and clay can be used to make pencil cores for writing and painting, and graphite can also be used as a lubricant and pigment as a glass. Molding materials for electrodes and electroplating, electroforming, electric motor brushes, and neutron deceleration materials in nuclear reactors; coke can be used in barbecue, drawing materials and ironmaking industries; gem-quality diamonds can be used as jewelry, industrial Diamond is used for drilling, cutting and polishing, as well as tools for machining stones and metals.

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