Xinquan Co., Ltd.: Plans to establish a subsidiary in Malaysia through a wholly-owned subsidiary with an investment of $42 million

2026-02-14 11:55:33

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Xinquan Co., Ltd. Announcement: The company plans to establish Malaysia Xinquan Automotive Parts Co., Ltd. in Malaysia through its wholly-owned subsidiary XINQUAN INTERNATIONAL DEVELOPMENT SINGAPORE PTE.LTD. The total investment amount is USD 42 million, funded by self-raised capital. This investment has been approved by the 14th meeting of the company’s fifth board of directors and does not require shareholder approval. The newly established subsidiary will engage in research and development, design, manufacturing, and sales of automotive parts. The purpose of this investment is to serve the company’s clients, expand overseas markets, advance the company’s globalization strategy, and enhance market position and overall competitiveness.

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