Gelonghui, May 22丨Zhejiang Yongqiang (002489.SZ) announced that the 13th meeting of the sixth board of directors of the company reviewed and passed the “Proposal on Reviewing the Investment and Establishment of a Subsidiary by Yongqiang (Hong Kong) Co., Ltd.” (hereinafter referred to as “Hong Kong Yongqiang”), a wholly-owned subsidiary of the company, to establish a wholly-owned subsidiary JJDINVESTPTE.LTD in Singapore. (hereinafter referred to as “Singapore Yongqiang”).
Hong Kong Yongqiang's total investment in Singapore's Yongqiang is no more than 50 million US dollars. As an overseas investment management platform, Singapore Yongqiang is mainly responsible for global industrial layout and enhancing overseas industrial chain delivery capabilities. The conference also authorized the management of the company and the management of Yongqiang Singapore to study investment policies and land policies in various parts of Southeast Asia, communicate investment intentions, and sign investment agreements.