Core Viewpoint - The company, Yue Ling Co., Ltd. (002725.SZ), has approved the establishment of a wholly-owned subsidiary in Nanning, Guangxi, with an investment of 50 million yuan to enhance its business in the southwestern region and connect with the Southeast Asian market [1] Group 1 - The company’s board of directors approved the investment proposal during the third meeting of the sixth board session [1] - The subsidiary, named Nanning Yue Ling Special Automobile Parts Development Co., Ltd. (tentative), will be established using the funds from the company’s wholly-owned subsidiary, Zhejiang Changyi Investment Co., Ltd. [1] - The strategic move aims to leverage Nanning's unique geographical advantage to expand the company's operations in the southwestern region and facilitate access to the Southeast Asian market [1]
跃岭股份:拟设立全资孙公司南宁跃岭专用汽车零部件开发有限公司