Zhitong Finance App News, China Tongpu (01763) issued an announcement. On April 3, 2024, the company and CNNC Hainan Nuclear Power signed an investment cooperation agreement to establish a joint venture. According to the investment cooperation agreement, the registered capital of the joint venture is RMB 50 million, of which the company will invest RMB 25.5 million in monetary capital, and CNNC Hainan Nuclear Power will invest RMB 24.5 million in monetary capital. After the establishment of the joint venture, the company and CNNC Hainan Nuclear Power will hold 51% and 49% of the shares in the joint venture, respectively, and the joint venture will become a subsidiary of the company.
The announcement stated that the establishment of a joint venture could fill the gap in irradiation processing business in and around Yulin City. Replace some traditional techniques such as high temperature and sulfur fumigation with more environmentally friendly and convenient irradiation sterilization and insecticide technology to ensure more thorough sterilization, no toxic residue, can directly treat packaged products, prevent cross-contamination, and make quality control simpler and more reliable. Earlier market research in Yulin City found that there are currently very few products treated using irradiation processing technology, but there are methods that can be processed through irradiation technology for special local agricultural products such as tangerine peel and Chinese herbal medicine, sterilization of spices and pet feed, and preservation of prepared vegetables and poultry meat. On the premise of maintaining the color, aroma, flavor and nutritional content of food without changes, it can provide a treatment method that is easy to control, continuous, no residue, low cost, and high safety, which is conducive to upgrading the regional industry, and can further enhance the added value of the local primary raw materials industry. The transformation and upgrading of the state provides the necessary Supporting facilities.