Huatong cable: to invest 100 million yuan to establish a wholly-owned subsidiary
Huatong cable announced that the company today deliberated and passed the "proposal on investment in the establishment of a wholly-owned subsidiary", and agreed to establish a wholly-owned subsidiary with its own funds. The company plans to invest and establish a wholly-owned subsidiary Huatong cable (Beijing) International Trade Co., Ltd. (tentative name, subject to the name approved by the local industrial and commercial administration department). The company is invested with its own capital, with a registered capital of RMB 100 million, accounting for 100% of the investment.
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