---
title: "JZNEE: Establishing an overseas subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/244707482.md"
description: "JZNEE announced that the company plans to establish an overseas third-level subsidiary, Shibilao Holdings Limited, in Hong Kong through its secondary subsidiary, Suzhou Shibilao Precision Fasteners Co., Ltd., using its own funds, with a total investment of USD 5 million. At the same time, the company plans to establish an overseas fourth-level subsidiary, Shibilao Anti-Loosening Fasteners LLC, in Saudi Arabia through its third-level subsidiary, Shibilao Holdings Limited, using its own funds, with a total investment of 18.75 million Saudi Riyals. This investment aims to expand overseas business and enhance the company's overall competitive strength and future sustainable development momentum"
datetime: "2025-06-16T12:11:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/244707482.md)
  - [en](https://longbridge.com/en/news/244707482.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/244707482.md)
generator: "portal-rs"
---

# JZNEE: Establishing an overseas subsidiary

JZNEE announced that the company plans to establish an overseas third-level subsidiary, Shibilao Holdings Limited, in Hong Kong through its secondary subsidiary, Suzhou Shibilao Precision Fasteners Co., Ltd., using its own funds, with a total investment of USD 5 million. At the same time, the company plans to establish an overseas fourth-level subsidiary, Shibilao Anti-Loosening Fasteners LLC, in Saudi Arabia through its third-level subsidiary, Shibilao Holdings Limited, using its own funds, with a total investment of 18.75 million Saudi Riyals. This investment aims to expand overseas business, enhance the company's overall competitive strength, and provide sustainable development momentum for the future

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