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常熟汽饰(603035.SH):拟设立合资公司芜湖安通林

Jiangsu Changshu Automotive Group Trim (603035.SH): plans to establish a joint venture company Wuhu Antonglin.

Gelonghui Finance ·  02:02

On December 13th, Gelonghui reported that Jiangsu Changshu Automotive Group Trim (603035.SH) announced its strategic plan to expand its industrial layout, enhance the company's overall competitiveness, and achieve sustainable development. The company intends to invest in establishing a joint venture in Wuhu City, Anhui Province, with Antonglin (China) Investment Co., Ltd. using self-raised funds. The tentative name of the joint venture is Wuhu Antonglin Asia Vets Cockpit System Co., Ltd. (referred to as "Wuhu Antonglin") (the final name will be subject to the approval of the registration authority). The business scope of the company includes: manufacturing of parts and components for automotive Asia Vets cockpit systems; wholesale of auto parts; sales of molds; promotion of New Materials technology; industrial design services; supply chain management services; inspection and testing services, etc. (subject to the final approval of the business scope by the administrative management department). The total expected investment amount for Wuhu Antonglin is estimated at 140 million yuan, of which the registered capital is 57 million yuan: the company will invest 22.8 million yuan, accounting for 40% of Wuhu Antonglin's total equity; Antonglin (China) Investment Co., Ltd. will invest 34.2 million yuan, accounting for 60% of Wuhu Antonglin's total equity.

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