*ST花王:控股子公司拟出资1000万元设立全资子公司

Core Viewpoint - *ST Huawang (603007) announced the establishment of a wholly-owned subsidiary, Yibin Niwei Automotive Systems Co., Ltd., with an investment of 10 million yuan to enhance its business development and market presence in the southwest region [1] Group 1 - The investment of 10 million yuan will be funded from the company's own resources [1] - The new subsidiary will serve as the main implementation body for high-pressure fuel tank projects for major automotive manufacturers in the southwest region [1] - The strategic move aims to accelerate business development, expand market share, and improve overall operational efficiency, market competitiveness, and profitability [1]