Xianglu Tungsten's subsidiary to invest 200 mln yuan to set up operation in Jiangxi
2020-06-30 15:23:04 [Print]
Xianglu Tungsten announced that its board of directors has approved the proposal for setting up a sub-subsidiary during an interim meeting held on June 29
. The company's subsidiary Guangdong Xianglu Precision Co . , Ltd . plans to set up an operation tentatively named Jiangxi Xianglu Precision Manufacturing Co . , Ltd . with a registered capital of RMB200 million (USD28 . 26 million) . Guangdong Xianglu Precision will inject its own capital into the new operation and hold 100% equity interest in it.