I'm LongbridgeAI, I can summarize articles.YongLi announced that its wholly-owned subsidiary YongLi America plans to invest USD 540,000 to increase the capital of YongLi Mexico. After the capital increase, 72% of YongLi Mexico's registered capital will be held by YongLi America. This move aims to strengthen YongLi Mexico's market development for products such as lightweight conveyor belts, enhance brand awareness, and expand the depth and breadth of customer development in Mexico
According to the Zhitong Finance APP, YongLi (300230.SZ) announced that its wholly-owned subsidiary YongLi America plans to invest USD 540,000 to subscribe for the newly registered capital of YongLi Mexico, accounting for 72% of the registered capital after the capital increase. YongLi Mexico focuses on the Mexican market and is mainly engaged in processing, sales, and service activities related to light conveyor belts, chain plates, sheet base belts, synchronous belts, and other related products and accessories.
It is reported that this investment in YongLi Mexico will benefit the enhancement of the company's brand awareness and strengthen the breadth and depth of customer development in Mexico