CQS: CQS Agricultural Machinery plans to invest approximately 50 million yuan to establish a subsidiary in Vietnam

CQS announced that its controlling subsidiary, CQS Agricultural Machinery, plans to establish a new subsidiary in Vietnam to build an agricultural machinery production base. The total investment for the first phase is approximately USD 6.9444 million, mainly used for factory renovation, equipment procurement, and working capital. The project construction period is expected to be completed and put into production by early 2026. This investment aims to address industry competition issues, quickly layout the production of agricultural machinery series products, and expand channels for major customers, laying the foundation for the company's overseas business scale