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Express News | Daiwa: Downgraded the rating of non-essential consumer industry in china to shareholding, upgraded the rating of medical care industry to neutral.
New Focus Auto (00360.HK) established a technology company in Shenzhen earlier this month, planning to establish an auto parts manufacturing company in Shanghai later.
New Focus Auto (00360.HK) announced that its wholly-owned subsidiary, New Focus Auto Holdings (Peking), chaired by Executive Director Tong Fei, along with Shenzhen Ke Shang, established a new company, New Focus Newtek (Shenzhen), on September 4 this year with a registered capital of 10 million RMB (as below). Among them, New Focus Auto Holdings (Peking), Tong Fei, and Shenzhen Ke Shang contributed 45 million, 1 million, and 4.5 million RMB respectively. New Focus Newtek (Shenzhen) is a subsidiary company indirectly owned by New Focus Auto with 45% equity. New Focus Newtek (Shenzhen) will mainly engage in the sales of distribution switch control equipment, electrical utilities.
The new focus auto subsidiary intends to establish a new company in Shenzhen, New Focus Autotech (Shenzhen).
New Focus Auto (00360) announced that the board of directors declared on September 4, 2024, the company directly wholly-owned subsidiary New Focus Holdings (Peking), the chairman and executive director Mr. Tong, and Shenzhen Ke Shang established a new company New Focus New Tech (Shenzhen), with a registered capital of RMB 10 million, of which New Focus Holdings (Peking), Mr. Tong, and Shenzhen Ke Shang contributed RMB 4.5 million, RMB 1 million, and RMB 4.5 million respectively. New Focus New Tech (Shenzhen) is a subsidiary company indirectly owned by the company with 45% equity interest. Shenzhen, as a technology innovation center, in autos and electronics sector.
new focus auto (00360.HK) plans to establish two non-wholly owned subsidiaries.
Granco Union announced on September 26 that the board of directors declared that on September 4, 2024, the company's wholly-owned subsidiary, New Focus Holdings (Beijing), the company's chairman and executive director Tong, and Shenzhen Ke Shang established a new company, New Focus Nutech (Shenzhen), with a registered capital of 10 million RMB, of which New Focus Holdings (Beijing), Tong, and Shenzhen Ke Shang contributed 4.5 million RMB, 1.0 million RMB, and 4.5 million RMB respectively. New Focus Nutech (Shenzhen) is a subsidiary company in which the company indirectly owns 45% equity. The board of directors also announced, new focus auto.
New Focus Auto Tech Expands With New Subsidiaries
New Focus Auto (00360.HK) entered into a park entry contract for the investment and establishment of a new energy vehicle electronic industry manufacturing base project.
格隆汇September 26th | New Focus Auto (00360.HK) announced that on September 26, 2024, its wholly-owned subsidiary, New Focus Auto Technology (Peking) Co., Ltd. ("New Focus Peking"), entered into an investment establishment contract for the industrial park of high-tech new energy autos electronics manufacturing with the Management Committee of Gaoxin Technology Industrial Development Zone in Fuzhou, Jiangxi Province ("Fuzhou Gaoxin Zone Management Committee"). The main contents of the contract are as follows: Project Overview: New Focus Peking will establish an independent entity in the jurisdiction of Fuzhou Gaoxin Zone Management Committee.
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