Wenzhou Hongfeng (300283.SZ) announced that, based on strategic planning and future operational development needs, the company will utilize its own funds...
According to the announcement from Wenzhou Hongfeng (300283.SZ), based on strategic planning and future operational development needs, the company has established a wholly-owned subsidiary, Hongfeng Special Materials (Malaysia) Co., Ltd. (referred to as "Hongfeng Special Materials (Malaysia)") in Malaysia with its own funds of 0.51 million ringgit. The company has recently completed the establishment registration and related matters of Hongfeng Special Materials (Malaysia), and has obtained the registration certificate issued by the local authorities. Concurrently, it is processing overseas investment filings and bank account openings.
The investment in the establishment of Hongfeng Special Materials (Malaysia) is based on the company's overall development strategy, aimed at further expanding the overseas market, providing customers with higher quality and faster products and services, enhancing the company's international comprehensive competitiveness, optimizing the company's business layout, and having positive significance for the company's long-term development.
