HUALAN NPM plans to invest in the establishment of a subsidiary in South Korea
I'm LongbridgeAI, I can summarize articles.HUALAN NPM plans to establish a wholly-owned subsidiary in Singapore with its own funds, and subsequently set up a wholly-owned subsidiary in South Korea through that subsidiary, mainly engaged in overseas market development and product sales. The investment amount is expected to not exceed USD 600,000, which will be used for fixed asset investment, daily operations, and working capital reserves, with the actual investment amount subject to approval by Chinese and local authorities
According to the announcement from HUALAN NPM (301093.SZ), based on the company's strategic development needs and actual operating conditions, the company plans to use its own funds to establish a wholly-owned subsidiary in Singapore as a pathway company. After the establishment of the wholly-owned subsidiary in Singapore, the company will use this subsidiary as the investment entity to set up a wholly-owned subsidiary in South Korea (i.e., HUALAN NPM's South Korean subsidiary), which will focus on overseas market development, product sales, and more. The investment amount is expected to not exceed USD 600,000, mainly for fixed asset investment, daily operations, and working capital reserves, with the actual investment amount subject to the approval of the relevant authorities in China and locally