Minfa Aluminum Industry: Plans to invest 10.00 million yuan to establish a wholly-owned subsidiary

NightAirdropper · 2026-03-20T21:21:35+00:00

Minfa Aluminum announced its plan to establish a wholly-owned subsidiary in Xiamen with an investment of 10 million yuan to expand into international markets and optimize its foreign trade business structure. The project has been approved by the board of directors but still needs to complete the industrial and commercial registration and faces approval risks.

NightAirdropper

2026-03-20 21:21:35

Abstract generation in progress

Mingfa Aluminum announced on March 19 that the company plans to establish a wholly-owned subsidiary, Xiamen Mingfa International Trade Co., Ltd. (tentative name, subject to industrial and commercial approval), in Xiamen, Fujian Province, with a registered capital of 10 million yuan using its own funds. The board of directors has approved the plan, and it does not require shareholder approval. The investment does not involve related-party transactions or major asset restructuring. This investment aims to leverage the location and policy advantages of the Xiamen Special Economic Zone, expand international market business, and build an integrated international operation system that includes import and export trade, international logistics, and supply chain services. It also seeks to optimize foreign trade structure and enhance international competitiveness. The new company has not yet completed industrial and commercial registration, and subsequent registration procedures are still required, with approval risks involved.

Daily Economic News

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes