Core Viewpoint - Hai'an Group and its subsidiaries signed an investment intention agreement to increase capital in Pioneer Co., aiming to build a large all-steel radial tire factory in Russia with a total investment not exceeding 53.99 billion rubles (approximately 4.32 billion RMB) [1] Group 1: Investment Details - The investment will result in a new equity structure where Flagship Co. will hold 6.37 billion rubles (approximately 510 million RMB) for a 49% stake [1] - Hai'an Group and Russian Hai'an will collectively hold 6.63 billion rubles (approximately 530 million RMB) for a 51% stake, with cash contributions amounting to 4.03 billion rubles (approximately 322 million RMB), representing 31% of the total [1] - Hai'an Group's non-monetary contribution will be 2.6 billion rubles (approximately 208 million RMB), accounting for 20% of the investment [1]
海安集团：拟在俄罗斯设立合资工厂，总投资43亿元