Technology, Healthcare, Automotive Dec 31, 2021 04:59 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 31 - Fuda alloy announced that in order to improve the company's management functions in strategic investment, capital operation, subsidiary management and control and improve operation efficiency, The company decided to transfer some assets related to production and operation (including monetary capital, machinery and equipment, land use right, real estate and other assets) to Zhejiang Fuda alloy material technology Co., Ltd. ("Fuda Co., Ltd."), a wholly-owned subsidiary, based on the base date of December 30, 2021. This asset transfer is a strategic decision based on the long-term development of the company, It is beneficial for the joint stock company to carry out risk control and improve the efficiency of business decision-making.

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