May 14 | Changshu Auto Parts (603035.SH) announced that the company plans to invest in the establishment of a wholly-owned subsidiary “CaipHongKongLimite (Hong Kong) Limited (CAIP)” (“Hong Kong CAIP”) in Hong Kong, with an estimated total investment of 800,000 US dollars, including a registered capital of HK$10,000, to be funded by the company in cash from its own capital. The company holds 100% of Hong Kong's CAIP. After the registration and establishment of Hong Kong CAIP, it will invest in the establishment of a wholly-owned subsidiary “CAIP (Hungary) Ltd. (CAIPHungaryKFT)” (“Hungarian CAIP”) in Szabolcs-Szatmár-Beregmegye (Szabolcs-Szatmár-Beregmegye). The total investment is estimated to be 500,000 euros, of which the registered capital is 100,000 euros, and the company will use its own capital to fund Hong Kong CAIP cash. Hong Kong CAIP holds 100% of Hungary's CAIP.
常熟汽饰(603035.SH)：拟设立香港全资子公司及匈牙利全资孙公司
Changshu Auto Accessories (603035.SH): Proposed establishment of a wholly-owned subsidiary in Hong Kong and a wholly-owned subsidiary in Hungary
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