Torch Electronics: it is proposed to set up a wholly-owned subsidiary to purchase assets
Financial Associated Press, October 21 - torch electronic announced that the company plans to invest a total of 500 million yuan to establish a wholly-owned subsidiary, Shanghai torch Electronic Technology Group Co., Ltd., and jointly purchase the whole property located in building 6, Country Garden Plaza, No. 397 Ningguo Road, Yangpu District, Shanghai with Shanghai zihuaguang Electronic Technology Co., Ltd. ("Shanghai zihuaguang"), a wholly-owned secondary subsidiary of the company, to be used as the Shanghai headquarters building, The estimated total purchase amount is 672.2 million yuan (the specific amount shall be subject to the actual contract signed). Among them, Shanghai zihuaguang purchased two floors, and the rest was purchased by torch group.
This text is a result of machine translation.
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