Guangbo Co., Ltd. (002103.SZ) issued an announcement to better meet the company's business development needs, for the company's existing and...
Zhitong Finance App News, Guangbo Co., Ltd. (002103.SZ) issued an announcement. In order to better meet the company's business development needs, provide products and services to the company's existing and potential customers, and enhance the company's core competitiveness, the company plans to establish Guangbo Holdings (Hong Kong) Co., Ltd. through its subsidiary Ningbo Guangbo Paper Products Co., Ltd., to invest in the establishment of Guangbo (Vietnam) International Co., Ltd. in Vietnam to build a new production base in Vietnam.
The total amount of foreign investment is estimated at US$50 million. The above investment is mainly used to build a new Vietnamese production base, including but not limited to paid-in registered capital, leasing (purchase) of land, construction of plants and ancillary facilities, purchase of machinery and equipment, and groundbreaking capital. The company's management will strengthen capital coordination, rationally arrange the pace of investment, and invest in construction in stages and batches according to specific conditions such as market demand and business progress.