FilingReader Intelligence

Faratronic establishes Singapore subsidiary with 200m yuan investment

August 15, 2025 at 05:14 PM UTCBy FilingReader AI

Xiamen Faratronic will invest up to 200 million yuan to establish a wholly-owned Singapore subsidiary as its overseas investment management platform.

The company will transfer its Hungarian unit to the Singapore entity, making it a second-tier subsidiary. Faratronic reported first-half revenue of 2.499 billion yuan and net profit of 569 million yuan.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600563Shanghai Stock Exchange

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