3S plans to invest USD 1 million to establish a wholly-owned secondary subsidiary in Dubai
I'm LongbridgeAI, I can summarize articles.3S plans to invest USD 1 million in Dubai to establish a wholly-owned subsidiary, 3S Middle East LLC-FZ, aimed at engaging in equipment installation, maintenance, sales, leasing, and engineering technical services to promote overseas business development, expand scale, and enhance profitability
According to the announcement from Zhongji United (605305.SH), the company plans to establish a wholly-owned secondary subsidiary, 3S Middle East LLC-FZ (Chinese name: 3S 中东有限公司), in Dubai, United Arab Emirates, through its wholly-owned subsidiary Zhongji Hong Kong, using its own funds. The total investment amount is USD 1 million (approximately RMB 7.31 million), and the company will provide initial operating funds for this subsidiary. By establishing a company in Dubai, the company aims to carry out equipment installation and maintenance services, equipment sales, equipment leasing, engineering technical services, and other businesses locally, which is beneficial for the company's overseas operations, expanding its business scale, and enhancing its profitability