GUANGDONG HONGTU plans to establish a wholly-owned subsidiary in Zhengzhou to acquire related assets of Lisenor
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GUANGDONG HONGTU plans to establish a wholly-owned subsidiary, Zhengzhou Siweier Automotive Parts Co., Ltd., in Zhengzhou, with a registered capital not exceeding 37 million yuan, to acquire assets such as land, real estate, and equipment from Lisenok Automotive Parts (Zhengzhou) Co., Ltd. This move aims to improve the company's market and production capacity layout in the Central China region, enhance technological innovation capabilities, and optimize the product business structure
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