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Agricultural Development Bank of China
Company

MYS to set up subsidiary in India with self-raised funds not exceeding USD50 mln

February 02, 2019


Abstract : MYS Group Co. Ltd. (MYS, 002303.SZ), an integrated packaging service provider in China, intends to establish a subsidiary in India with self-raised funds of less than 50 million U.S. dollars by itself or via its subsidiary, said the company on Friday.

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BEIJING, Feb. 2 (Xinhua) -- MYS Group Co. Ltd. (MYS, 002303.SZ), an integrated packaging service provider in China, intends to establish a subsidiary in India with self-raised funds of less than 50 million U.S. dollars by itself or via its subsidiary, said the company on Friday.

According to the company, the new subsidiary in India will engage in design, production and sales of paper products for environmentally-friendly packaging.

The company also said that if the plan of establishing the new subsidiary goes well, it may exert certain positive influence on its performance in the future. (Edited by Gu Shanshan)

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Keyword: India Chinese-company subsidiary

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