Bluestar New Chemical Materials Co., Ltd (44.00,2.95,7.19%) lately published a foreign investment notice which shows that Bluestar Group plans to replenish  170 million yuan (RMB) in its wholly-owned subsidiary corporation¡ªBluestar Silica Materials Co., Ltd. 

Bluestar aims to expand the production capacity of industrial silicon  and increase its financing capability and asset scale. With the former registered capital of 50 million yuan (RMB) , together with the new replenishment, the registered capital for Bluestar Silica Materials Co., Ltd. will reach 220 mln yuan.

Statistics show that Bluestar Silica Materials is the raw materials base of the organosilicon industry chain, which currently could meet half of the total industrial silicon that the listed company requires. The replenishment procedure will further improve the industry chain for organic silicon industry  and intensify the industry superiority which is of great significance