June 13 (NBD) -- FangDa Carbon New Material Co Ltd (FangDa Carbon, 600516.SH) plans to found a wholly-owned real estate subsidiary in Lanzhou, capital of northwest China's Gansu Province, with an investment of 30 million yuan (4.7 million U.S. dollars). 

The new company is expected to promote the sustainable and healthy development of FangDa Carbon and enhance the overall competitiveness of the graphite electrode and carbon producer.

Email: zhanglingxiao@nbd.com.cn