Boya Precision (300971.SZ) issued an announcement to meet future strategic development needs, strengthen competitiveness, and expand production...
Zhitong Finance App News, Boya Precision (300971.SZ) issued an announcement. In order to meet future strategic development needs, strengthen competitiveness, and expand the product market, the company integrated the superior resources of all parties through joint ventures to establish foreign investment to establish Xiangyang Boya Smart Drive Equipment Technology Co., Ltd. (“Boya Smart Drive” for short). Boya Smart Drive's registered capital is RMB 20 million, of which Boya Precision has pledged an investment of 12 million yuan with its own funds, accounting for 60% of its registered capital. After the investment is completed, Boya Smart Drive will become a holding subsidiary of Boya Seiko.