Jiangyin Electrical Alloy (300697.SZ) announces that the company plans to establish wholly-owned subsidiaries in Hong Kong, China and Singapore as a path...
According to the Zhito Finance APP, Jiangyin Electrical Alloy (300697.SZ) announced that the company intends to establish wholly-owned subsidiaries in Hong Kong, China and Singapore as pathway companies. Then, through these pathway companies in Hong Kong and Singapore, a subsidiary will be set up in Mexico to produce and sell high-quality Copper materials and components applicable to Datacenters to meet the huge demand for high-quality Copper materials in the North American market. The estimated investment amount for this project is expected to not exceed 0.1 billion yuan, which will be used for fixed asset investment and working capital reserves.
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