Shanhe Intelligence (002097) is now up 2.17% at RMB 46.22; it plans to enter the field of light aircraft manufacturing and sales, and cultivate new profit growth points.
The company announced that the board of directors agreed that the company and the company's chairman and controlling shareholder He Qinghua jointly invested 20 million yuan to establish Hunan Shanhe Technology Company, in which the company contributed 4 million yuan, accounting for 20% of the equity. Shanhe's business scope is to research, design, produce, and sell high-tech products such as light aircrafts, high-end yachts, aero-engines, and aviation-specific equipment. The company believes that light aircraft, such as Sun River Science and Technology Corp.'s main attack, is a sunrise industry with a broad market prospect and a high return on investment in the future.
(Source: The Wall Street Journal)
The company announced that the board of directors agreed that the company and the company's chairman and controlling shareholder He Qinghua jointly invested 20 million yuan to establish Hunan Shanhe Technology Company, in which the company contributed 4 million yuan, accounting for 20% of the equity. Shanhe's business scope is to research, design, produce, and sell high-tech products such as light aircrafts, high-end yachts, aero-engines, and aviation-specific equipment. The company believes that light aircraft, such as Sun River Science and Technology Corp.'s main attack, is a sunrise industry with a broad market prospect and a high return on investment in the future.
(Source: The Wall Street Journal)
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