Neoway Establishes Wholly-owned Subsidiary
Neoway Technology (688159:SHEX) issued an announcement indicating that the establishment of a wholly-owned subsidiary with the foreign investment is based on the company's strategic and business development requirements. The purpose is to build a nationwide Internet of Things solution , which is conducive to further expansion of the company in smart cities, water conservancy and other application fields. Sustainable development and profitability increase are the expected final outcome of this project.
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