According to the Zhitong Finance App, Shilong Industrial (002748.SZ) announced that in order to meet the needs of business development, open up the company's new overseas product markets, and promote innovation in the company's diversified operations and business structure, the company set up a wholly-owned subsidiary in Hong Kong, China, with 500,000 Hong Kong dollars of its own capital. Recently, Shilong Technology, a wholly-owned subsidiary in Hong Kong, completed the relevant registration procedures and obtained the “Company Registration Certificate” and “Business Registration Certificate” issued by the Companies Registry of the Hong Kong Special Administrative Region.
The foreign investment to establish a wholly owned subsidiary in Hong Kong is based on the needs of the company's development strategy layout. It aims to strengthen the company's exchanges and cooperation with international markets, expand the company's business structure and development space, further enhance the company's comprehensive competitive strength, and promote the company's sustainable and healthy development.