Zhitong Financial App, ST Haiyue (600387.SH) announcement, Zhuji Haiyue Energy Co., Ltd. ("Zhuji Haiyue"), a wholly-owned subsidiary of the company, plans to jointly invest with Shanghai Wupo New Energy Technology Co., Ltd. ("Wupo New Energy") to establish Tianjin Huichuan International Trading Co., Ltd. Making use of the cooperative relationship between Wupo New Energy controller and a number of overseas energy enterprises for many years, we will carry out import and export trade in heavy oil, asphalt, fuel oil, biodiesel and other chemical products.
It is reported that Huichuan International registered capital of 100 million yuan, mainly in the process of import and export business, in order to save transport costs, a large load of single cargo ship. At the same time, after considering customs duties, consumption tax and other fees, the amount of transaction involved in a single trade is larger. The actual contribution of Zhuji Haiyue in this foreign investment is 90 million yuan, accounting for 90% of the total share capital, and the actual contribution of Wupo New Energy is 10 million yuan, accounting for 10% of the total equity.
This investment is in line with the company's long-term development strategy, and will help the company to develop overseas markets, optimize the allocation of resources around the world, and hedge in international and domestic markets, so as to improve business returns and reduce risks.