FilingReader Intelligence
JAC Motors to establish wholly-owned subsidiary in Hong Kong
June 23, 2025 at 12:08 PM UTC•By FilingReader AI
Anhui Jianghuai Automobile Group Corp (JAC Motors) (SSE:600418) has announced the resolutions passed at its 27th meeting of the 8th Board of Directors. Key among these is the approval to establish a wholly-owned subsidiary in Hong Kong, with a registered capital of HKD 50 million. This move aims to optimize the efficiency of the company's offshore fund utilization, thereby lowering its financial costs and risks.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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