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Xinquan Co., Ltd.: Plans to establish a wholly-owned subsidiary in Kaifeng with a registered capital of 50 million yuan
Xinquan Co., Ltd. announced that the company plans to establish a wholly-owned subsidiary, Kaifeng Xinquan Auto Parts Co., Ltd., in Kaifeng City, Henan Province, with a registered capital of 50 million yuan, funded by the company’s own capital. This external investment matter has been approved by the 14th meeting of the fifth board of directors of the company and does not require shareholder approval.