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Lijun Co., Ltd.: Plans to invest up to $3 million to establish a subsidiary
Lijun Co., Ltd. announced that the company plans to invest in establishing two wholly-owned secondary subsidiaries in Hong Kong through its wholly-owned subsidiary Lijun Holdings in Singapore using its own funds. Additionally, through the newly established Hong Kong subsidiaries, the company will invest in establishing one wholly-owned tertiary subsidiary in Peru, with a total investment not exceeding $3 million. The funds for this external investment will come from the company’s own funds and will not have a significant impact on the company’s production and operation results for this year.