Zhitong Financial APP News, Biyou Group (08053) issued a notice that the company's non-wholly-owned subsidiary in Tajikistan, KM Muosir Limited Liability Company (the subsidiary), decided to invest 50 million yuan to set up a 10 million detonator detonator production line to meet the corresponding needs of the local and neighboring countries, so as to solve the tedious detonator purchase procedures and reduce the procurement cost (at present, the group purchases the product mainly through air transportation in China). Make up for the deficiencies.
The company expects that after the production line is put into operation, it can help the group to reduce the cost of related products, further increase the group's profits and maximize the interests of the company's shareholders.