Anshan Heavy Duty Mining Machinery Co.Ltd(002667) 3 announced on March 17 that Jiangxi lingneng Lithium Industry Co., Ltd., the holding subsidiary of the company, plans to invest in the construction project of lithium phosphate production line (phase I) with an annual output of 20000 tons. The company said that the construction of the project will effectively extend the company’s industrial chain and strengthen the company’s in-depth development in lithium battery materials.
On the same day, Anshan Heavy Duty Mining Machinery Co.Ltd(002667) issued an announcement on the establishment of a wholly-owned Singapore subsidiary and a Hong Kong subsidiary. On March 17, the company deliberated and approved the proposal on the establishment of a wholly-owned Singapore subsidiary and a Hong Kong subsidiary, and agreed that the wholly-owned subsidiary of the company, Wuyi industry (Shanghai) Co., Ltd., would use its own capital of US $10000 to invest in the establishment of a wholly-owned subsidiary in Hong Kong (referred to as the “Hong Kong subsidiary”) The company invested and established a wholly-owned subsidiary in Singapore with its own capital of US $10000.
The announcement shows that the investment and establishment of wholly-owned grandchildren and subsidiaries in Hong Kong and Singapore meet the needs of the company’s operation and development. Relying on the regional advantages of Hong Kong and Singapore, we effectively strengthen international cooperation and the development of overseas business, which has a positive impact on the company’s long-term development and strategic layout, and accelerate the realization of the company’s strategic goal of business internationalization.
