
Hwaway Technology plans to establish two subsidiaries in Germany to operate the spring products business

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Hwaway Technology plans to invest in two German subsidiaries, primarily engaged in the spring products business. The company will invest through its wholly-owned subsidiary Hwaway Supply Chain (Hainan) Co., Ltd., with funds not exceeding 20 million euros, which will be used for purposes including purchasing land, equipment, constructing factories, and daily operating expenses
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