Shanghai Yongli Belting Co., Ltd. announced that the company plans to jointly invest with CDS Belting Pty Ltd to establish a joint venture in Australia, with a total investment of AUD 1.5 million, of which Shanghai Yongli Belting will invest AUD 1.125 million for a 75% stake. The new company will engage in the processing, sales and service activities of light conveyor belts, chain plates, flat belts, timing belts and other related products and accessories.
永利股份：拟出资112.5万澳元设立澳大利亚合资公司
Shanghai Yongli Belting plans to invest AUD 1.125 million to establish a joint venture company in Australia.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.