Mar. 4, 2020
Chinese agrochemical company Shandong Luba Chemical Co., Ltd.
plans to set up a wholly-owned subsidiary, Shandong Luba Biotechnology Co., Ltd. with its own funds, with a registered capital of 30 million yuan.
The announcement shows that the main business scope of Shandong Luba Biotechnology Co., Ltd. is the development, service and transfer of biotechnology; the manufacture of biological products; the import and export business, etc.
The company stated that the investment is to further make business plans, using the advantages of its existing resources and channels, to expand market, improve profitability, and enhance the company's sustainable operating ability and comprehensive competitive advantage.