Desay Battery's Huizhou subsidiary to inject USD12mln into Hong Kong subsidiary
2021-02-24 17:02:11 [Print]
Desay Battery said on February 22 that, in order to advance its strategic plan, optimize overseas layout and better satisfy customer demand, its wholly-owned subsidiary Huizhou Desay Battery Co
Desay Battery said that its board of directors has given the green light for Huizhou Battery to inject USD12 million into Hong Kong Battery, the registered capital of which will increase from USD3 million to USD15 million, mainly for building and operating the new production base in Vietnam.
. , Ltd . (hereinafter referred to as "Huizhou Battery") set up a wholly-owned subsidiary named Desay Battery (Hong Kong) Investment Co . , Ltd . ("Hong Kong Battery") on November 4, 2020, with total investment of USD3 million and registered capital of USD3 million . In addition, Huizhou Battery also set up a new production base, through the Hong Kong operation, in Bac Giang, Vietnam mainly engaging in small and medium-sized lithium battery packaging business, as well as the R&D, manufacturing and sales of batteries used for wearable devices, cellphone, etc.Desay Battery said that its board of directors has given the green light for Huizhou Battery to inject USD12 million into Hong Kong Battery, the registered capital of which will increase from USD3 million to USD15 million, mainly for building and operating the new production base in Vietnam.