ST Nanning Baling Technology announced that the company plans to jointly invest with its holding subsidiaries, Liuzhou Baling and Huang Guowei, to establish Anhui Baling Auto Parts Co., Ltd. in Wuhu, Anhui Province, with a registered capital of 50 million yuan. Among them, ST Baling invested 41 million yuan, accounting for 82%; Liuzhou Baling invested 6.6 million yuan, accounting for 13.2%; Huang Guowei invested 2.4 million yuan, accounting for 4.8%. The project company will invest in the construction of automotive parts production projects to meet customer needs and deepen the development of the main business. After the project company is established, it will be included in the company's consolidated financial statements.
ST八菱：拟出资4100万元设立控股子公司
Nanning Baling Technology plans to invest 41 million yuan to establish a holding subsidiary.
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