Ningbo Xusheng Group (603305) announced on the evening of December 15 that the company plans to establish a wholly-owned subsidiary, Ningbo Xusheng Technology, in Singapore, and a wholly-owned grandchild company, Ningbo Xusheng Industrial, and they will invest 1% and 99% respectively to set up Ningbo Xusheng Group (Thailand) in Thailand, ultimately investing in the construction of a production base in Thailand. The total investment for this project is expected to not exceed 90 million dollars.
旭升集团：拟不超9000万美元在泰国投建生产基地
Ningbo Xusheng Group: Plans to invest no more than 90 million USD to establish a production base in Thailand.
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