Huasheng Shares (600156): The Latest Announcement Proposes To Invest In A Wholly-Owned Subsidiary

Huasheng Shares (600156) announced in the evening of February 7 that in order to speed up the company's brand building, promote product marketing, create new profit growth points, and achieve high-quality transformation and development, it invested 10 million yuan of its own capital to establish a wholly-owned subsidiary, Hunan Huasheng Orientgrass Technology Co., Ltd. (tentative name).

This overseas investment to establish a wholly-owned subsidiary is in accordance with the relevant requirements of the Three Year Action Plan for the Reform and Development of Huasheng Shares (2023-2025), by building a new platform and carrier, creating a differentiated product matrix and brand layout, promoting the coordinated operation and high-quality development of the company's industrial chain, further improving market awareness and expanding market share, Enhance the company's core competitiveness and profitability.