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New Focus Auto Tech Holdings Limited's (HKG:360) Popularity With Investors Under Threat As Stock Sinks 27%
The new focus auto subsidiary intends to establish a new company in Shenzhen, New Focus Autotech (Shenzhen).
New Focus Auto (00360) announced that the board of directors declared, on September 4, 2024, the company's direct wholly-owned subsidiary New Focus Holdings (Peking), Chairman and Executive Director Mr. Tong, and Shenzhen Ke Shang established a new company, New Focus Nutech (Shenzhen), with a registered capital of RMB 10 million, of which New Focus Holdings (Peking), Mr. Tong, and Shenzhen Ke Shang contributed RMB 4.5 million, RMB 1 million, and RMB 4.5 million respectively. New Focus Nutech (Shenzhen) is a subsidiary in which the company indirectly owns 45% equity. Shenzhen, as a technology innovation center, in the automotive and electronic sector.
new focus auto (00360.HK) plans to establish two non-wholly owned subsidiaries.
Gr8hui September 26th | New Focus Auto (00360.HK) announced that the board of directors declared that on September 4, 2024, the company's wholly-owned subsidiary, New Focus Auto Holdings Limited (Peking), the chairman and executive director Tong, and Shenzhen Can Up jointly established a new company New Focus Newtac (Shenzhen) with a registered capital of RMB 10 million, of which New Focus Auto Holdings (Peking), Tong, and Shenzhen Can Up contributed RMB 4.5 million, RMB 1.0 million, and RMB 4.5 million respectively. New Focus Newtac (Shenzhen) is a subsidiary in which the company indirectly owns 45% equity. The board of directors also announced, the New Focus
New Focus Auto Tech Expands With New Subsidiaries
New Focus Auto (00360.HK) entered into a park entry contract for the investment and establishment of a new energy vehicle electronic industry manufacturing base project.
Grangelhui, September 26th, New Focus Auto (00360.HK) announced that on September 26, 2024, the company's wholly-owned subsidiary, New Fox Technology (Beijing) Co., Ltd. ("New Fox Beijing"), signed an enterprise entry contract with the Management Committee of Fuzhou High-tech Industrial Development Zone in Jiangxi Province ("Fuzhou High-tech District Management Committee") to achieve the cooperation direction and framework for the establishment of a new energy fund automobile electronic manufacturing base project. The main contents of the entry contract are as follows: Project Overview: New Fox Beijing will establish an independent entity in the jurisdiction of the Fuzhou High-tech District Management Committee.
Express News | New Focus Auto Tech - Unit Established New Focus Newtec (Shenzhen) With a Registered Capital of RMB10 Mln
Some New Focus Auto Tech Holdings Limited (HKG:360) Shareholders Look For Exit As Shares Take 27% PoundingNo Data
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