---
title: "Quanxin Cable Technology: Invests 30 million yuan to establish a wholly-owned subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235373305.md"
description: "Quanxin Cable Technology invested 30 million yuan to establish a wholly-owned subsidiary, Nanjing Xintuo Technology Co., Ltd., holding 100% equity. The establishment aims to enhance the professional level of civilian product business, promote flexible development, and broaden business areas, in line with the company's long-term development strategy. The establishment of the subsidiary will not have a significant adverse impact on the financial and operational status and has been included in the consolidated financial statements"
datetime: "2025-04-10T08:20:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235373305.md)
  - [en](https://longbridge.com/en/news/235373305.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235373305.md)
generator: "portal-rs"
---

# Quanxin Cable Technology: Invests 30 million yuan to establish a wholly-owned subsidiary

Quanxin Cable Technology announced that the company, based on strategic development needs, has invested to establish a wholly-owned subsidiary, Nanjing Xintuo Technology Co., Ltd., with a registered capital of 30 million yuan, holding 100% equity. Xintuo Technology has completed industrial and commercial registration and obtained a business license. The establishment of this wholly-owned subsidiary aims to enhance the professional level of the company's civilian product business, promote flexible business development, and broaden the business scope, which aligns with the company's long-term strategic planning and has positive significance for improving overall efficiency. The establishment of the subsidiary will not have a significant adverse impact on the financial and operational status and has been included in the company's consolidated financial statements

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**