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Eternal Materials Unit to Inject 170 Million Yuan in China Plant

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Eternal Materials (TPE:1717) unit Eternal (China) Investment will invest 170 million yuan to establish a new plant in mainland China, according to a Friday Taiwan Exchange filing.

Eternal (China) Investment will hold a 70% stake, representing an investment of CNY119 million, in the new entity.

The plant will mainly produce UV-curable materials, acrylic monomers and other products, the company said.

The name of the new subsidiary has yet to be decided, and the investment will proceed after receiving approval from the relevant authorities.

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