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Fuda Co., Ltd.: Plans to invest $4 million in Mexico to establish a wholly-owned subsidiary
Fuda Co., Ltd. announced that the company plans to invest $4 million in its own funds (equivalent to RMB 27.61 million) to establish a wholly-owned subsidiary in Mexico. Its principal businesses include the investment business and the production, research and development, and sales of automotive parts and robot parts. This investment has been approved by the board of directors and does not require submission to the shareholders’ meeting for review.