Hengli Petrochemical Establishes New Materials Company in Hangzhou

People’s Financial News, March 24 — According to Qichacha, Hangzhou Yizhijin New Materials Co., Ltd. was recently established. The legal representative is Du Weichen, with a registered capital of 50 million yuan. Its business scope includes: synthetic fiber manufacturing; synthetic material manufacturing (excluding hazardous chemicals); high-performance fiber and composite material manufacturing; new material technology research and development, etc. Qichacha’s equity penetration shows that the company is indirectly wholly owned by Hengyi Petrochemical.

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