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Geely Reportedly Splurges RMB1B to Establish Jiyao Tongxing Holding Co.
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Zhejiang Jiyao Tongxing Holding Co., Ltd. (literal translation of "浙江吉曜通行控股有限公司"), wholly owned by Zhejiang Geely Industrial Investment Holdings Co., Ltd. (literal translation of "浙江吉利產投控股有限公司"), was recently established, Chinese media reported, citing Qichacha data. The legal representative of the new company is Xie Shibin. The new company has a registered capital of RMB1 billion, and is engaged in engineering and technical research and experimental development, as well as battery and electric motor manufacturing. AASTOCKS Financial News Website: www.aastocks.com |
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