Ningbo Jintian Copper (Group) Co., Ltd. intends to jointly establish a

Published: Dec 28, 2023 17:14

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Ningbo Jintian Copper (Group) Co., Ltd. intends to jointly establish a subsidiary in Thailand and invest in the construction of a production base with Jintuo International Industrial (Hong Kong) Co., Ltd. and Jinsong Industrial (Hong Kong) Co., Ltd., both of which are wholly-owned subsidiaries of the company, in order to promote the company's business development and expand its overseas production base layout, enhance the company's international competitiveness and service capabilities, and improve the company's business layout and medium- to long-term strategic development planning. The planned investment amount does not exceed RMB 700 million, including but not limited to the purchase of land, purchase and construction of fixed assets, etc. The actual investment amount is subject to the approval of the Chinese and local competent authorities. After the establishment of the overseas subsidiary, the company will implement the construction of the Thai production base in stages based on market demand and business progress.

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