信质集团：全资子公司重庆信质拟设立境外子公司并建设生产基地

Core Viewpoint - The company, Xinzhi Group, is expanding its global strategy by establishing a wholly-owned subsidiary in Singapore and a joint venture in Thailand to enhance its overseas business development and respond quickly to customer needs [1] Group 1: Investment Details - Xinzhi Group announced a total investment of $40 million for the overseas project, funded entirely by its own resources [1] - The investment will be allocated for establishing and operating overseas companies, purchasing land, constructing factories, procuring equipment, and covering working capital [1] - The actual investment amount will be subject to approval by local authorities in China, Thailand, and Singapore [1] Group 2: Subsidiary Structure - The wholly-owned subsidiary in Singapore is named Xinzhi Overseas Management Co., Ltd [1] - The joint venture in Thailand, Xinzhi Electric (Thailand) Co., Ltd, will be established with contributions of 99.99% from the Singapore subsidiary and 0.01% from Zhejiang Xinge [1]