Wetouch Technology Inc. (WETH) Plans to Relocate to Chengdu and Receives $17.7 million compensation
Retrieved on:
Monday, March 22, 2021
On March 18, 2021, Wetouch received a total amount of RMB115.2 million (approximately $17.7 million) as the total amount of compensation from Sichuan Renshou.
Key Points:
- On March 18, 2021, Wetouch received a total amount of RMB115.2 million (approximately $17.7 million) as the total amount of compensation from Sichuan Renshou.
- The Company is actively searching for an appropriate parcel in Chengdu Medicine City (Technology Park), Wenjiang District, Chengdu for the construction of our new production facilities and office buildings.
- Wetouch has shipped products to South Korea and several European countries such as Spain and Germany and has established a strong and diversified client base.
- As of September 30, 2020, Wetouch held 10 patents and has passed a number of industry certifications, including ISO9001, ISO14001, TS16949, FCC, CE, ROHS, CCC, ROHS.