I'm LongbridgeAI, I can summarize articles.Strong announced the establishment of a wholly-owned subsidiary, Qiangbang Digital, with an investment of 10 million yuan for digital printing business. This move aims to enrich the printing product system and enhance the company's competitiveness. Qiangbang Digital has completed industrial and commercial registration and obtained a business license. It will provide digital equipment and consumables through research and development and cooperation, forming three major product systems: offset printing, flexographic printing, and digital printing
According to the Zhitong Finance APP, Strong (001279.SZ) announced that with the continuous development of digital printing in the industry, in order to enrich the coverage of different printing product systems, the company has invested RMB 10 million with its own funds to establish a wholly-owned subsidiary, Strong (Shanghai) Digital Technology Co., Ltd. (hereinafter referred to as "Strong Digital") in Shanghai, holding 100% of Strong Digital's registered capital. Recently, Strong Digital completed the industrial and commercial registration procedures and obtained the "Business License" issued by the Market Supervision Administration of Jiading District, Shanghai.
This investment is based on the company's strategic planning and business development needs, establishing a wholly-owned subsidiary to layout and explore digital printing business, providing digital equipment and corresponding supporting consumables through independent research and development and external cooperation, forming three major product systems: offset printing, flexographic printing, and digital printing, actively deepening and strengthening the main business, and further enhancing the company's overall competitiveness