Brief: Precision Tsugami (China) Says Unit To Establish Subsidiary

Precision Tsugami (China)

17/09/2021 09:05

Sept 17 (Reuters) - Precision Tsugami (China) Corporation
Ltd  1651.HK :
    * UNIT TO ESTABLISH WHOLLY-OWNED SUBSIDIARY WITH PROPOSED
NAME
PRECISION NAKATSU (CHINA)
    * AT ITS MAXIMUM PRODUCTION CAPACITY, ANNUAL PRODUCTION
VALUE OF
PINGHU SUBSIDIARY  ESTIMATED TO AMOUNT TO ABOUT RMB1 BILLION
    * PINGHU SUBSIDIARY WILL HAVE REGISTERED CAPITAL OF $35
MILLION
    * UNIT TO BUY FACTORY NEAR ANOTHER FACTORY OPERATED BY
TSUGAMI
ZHEJIANG FOR ABOUT RMB51.33 MILLION

Further company coverage:  1651.HK 

 ((Reuters.Briefs@thomsonreuters.com;))