Hualian China to Set Up US Subsidiary for $10 Million; Shares Up 4%

MT NewswiresFeb 25 13:21

Hunan enterprises are speeding up their overseas expansion! Yanker Shop Food and Huaci Co., Ltd. announced the construction of a factory in Southeast Asia on the same day | Quick read of the announcement.

① "Going global" has gradually become a consensus among many listed companies in Hunan. This evening, Huaci Co., Ltd. and Yanker Shop Food both issued announcements stating that they will lay out production bases in Southeast Asia to promote the expansion of overseas business; ② The listed companies mentioned that Vietnam has relatively low labor costs and local production resources, which can effectively reduce company production costs; through supply chain layout, the company can also enhance its market competitiveness and brand recognition.

cls.cnFeb 24 22:37

Hua Ci Co., Ltd. (001216.SZ): Plans to establish a subsidiary in Vietnam and invest in the production project of daily ceramic products in Vietnam.

On February 24, Gelonghui reported that Huaci Co., Ltd. (001216.SZ) announced plans to establish wholly-owned subsidiaries in the Cayman Islands and Singapore as pathway companies. The company will then set up a subsidiary in Vietnam through these pathway companies to invest in the construction of the Huaci Vietnam daily-use ceramics production project. This project is expected to be funded through its own funds or self-raised funds, with a total investment amount not exceeding 0.2 billion USD. This includes, but is not limited to, purchasing land, constructing fixed assets, and other related matters. The actual investment amount will be subject to the final approval by China and the local competent authorities. The company will implement the project construction in phases based on market demand and business progress.

Gelonghui FinanceFeb 24 16:31

Express News | Huaci Co., Ltd.: Plans to establish a subsidiary in the USA, with an investment amount not exceeding 10 million USD.

BreakingsFeb 24 16:29

Hua Ci Co., Ltd. (001216.SZ): Has not yet settled in Bilibili live streaming for sales.

On January 16, Gelonghui stated on the investor interaction platform that our company has not yet settled in Bilibili for live streaming sales.

Gelonghui FinanceJan 16 14:37

Express News | Hua Ci Co., Ltd.: The actual controllers of the company have changed from Xu Junqi and Fu Jun to Xu Junqi.

BreakingsJan 2 19:05