Xusheng Auto Tech to Set Up Thai Subsidiary, Factory for $90 Million

MT NewswiresDec 16 16:45

Express News | Ningbo Xusheng Group: Plans to invest no more than 90 million USD to establish a production base in Thailand.

BreakingsDec 15 16:01

Ningbo Xusheng Group (603305.SH): plans to set up subsidiaries and invest in the construction of production bases overseas.

Glory Exchange, December 15丨Ningbo Xusheng Group (603305.SH) announced that in order to better meet the needs of the company's emerging Business development, further expand the diverse Lightweight application market, and achieve a Global Strategy upgrade, the company plans to establish a wholly-owned subsidiary, Xusheng Singapore Technology, and a wholly-owned grandson company, Xusheng Singapore Industry, in Singapore, with investments of 1% and 99% respectively, to establish Ningbo Xusheng Group (Thailand) in Thailand, ultimately investing to build a production base in Thailand. The total planned investment for this project is expected to not exceed 90 million USD (the actual investment amount is subject to approval by China and local authorities), and the aforementioned investment funds will

Gelonghui FinanceDec 15 15:41

Express News | Cinda Securities: A new round of the industrial control cycle is approaching, and the industrial control cycle is expected to warm up.

BreakingsDec 15 11:42

Express News | Cinda Securities: Intense policy catalysis, low-altitude construction gradually accelerating.

BreakingsDec 15 11:39

Express News | CITIC Securities: The industrialization of humanoid robots is expected to accelerate, with factory scenarios likely to be implemented first.

BreakingsDec 15 11:34