PPF plans to increase its investment in a Thai company by 250 million yuan to expand the production capacity of automotive and engineering machinery gear shafts
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PPF announced an increase in capital of 250 million yuan for a Thai company to expand the production capacity of new energy vehicles and engineering machinery gear shafts. This move is based on the trends of global market competition and supply chain restructuring, aiming to meet the demands of European and American customers for related projects. In the capital increase, 1% is directly invested by PPF, and 99% is invested through its wholly-owned subsidiary in Singapore
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