VVFB plans to invest 100 million yuan to establish a wholly-owned subsidiary, VVFB Biotechnology
VVFB announced that it will invest 100 million yuan to establish a wholly-owned subsidiary, VVFB Biotechnology, to optimize resource allocation and deepen its core business layout. This move aims to enhance market-oriented operational efficiency, unleash the growth potential of core businesses, strengthen competitiveness, align with the company's long-term development plan, and hold positive strategic significance
According to the Zhitong Finance APP, VVFB (600300.SH) announced that in order to further optimize resource allocation, deepen the strategic layout of core businesses, enhance market operation efficiency, fully unleash the growth potential of core businesses, and strengthen core competitiveness, the company plans to use its own funds of 100 million yuan to invest in the establishment of a wholly-owned subsidiary, VVFB Biotechnology. This investment to establish a wholly-owned subsidiary aligns with the company's long-term development plan, is conducive to leading the business to leap to a higher value dimension, continuously consolidating and strengthening core competitiveness, creating a high-level value creation platform, and has positive strategic significance for the company's development
