BEIJING, Jun. 5 (Xinhua) -- Fuxin Dare Automotive Parts Co.,Ltd (300473.SZ) announced on late Monday that it will inject 9.8 million Yen to set up a wholly-owned subsidiary in Japan.
According to a company filing, the business of the new company includes automotive and automotive parts, optical instruments, precise instruments, electronic components, equipment, semiconductor parts, solid-state batteries and semiconductor COMS sensors, and optical communication related parts, and equipment design, R&D, manufacturing, service, import and export business, etc.
Fuxin Dare Automotive Parts Co.,Ltd said that the move is an important measure for the company to implement development strategy, and it has a positive and significant role to boost its development in the future.
After the establishment of the new company, it will help the company improve its industrial structure, further expand the international market, enhance the core competitiveness and profitability, and ultimately achieve the company's sustained and stable development. (Edited by Ma Xin, maxin11@xinhua.org)
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