Pan Asian Microvent plans to establish a subsidiary in Wujin, Changzhou to improve its layout in the medical application field
Pan Asian Microvent plans to invest RMB 5 million in Changzhou Wujin to establish a wholly-owned subsidiary, Pan Asian Anjie, to improve its layout in the medical application field. This move aims to accelerate the company's business development, enhance overall competitiveness, align with the company's long-term development plan, and has positive strategic significance
According to the announcement from Zhitong Finance APP, Pan Asian Microvent (688386.SH) has announced that in accordance with the company's strategic planning and operational development needs, it intends to use its own funds of 5 million RMB to invest in establishing a wholly-owned subsidiary, Pan Asian Anjie, in Changzhou Wujin. This external investment is beneficial for improving the company's layout in the medical application field, further enhancing the company's overall competitiveness, and aligns with the company's long-term development plan, holding positive strategic significance for the company's operations.
The establishment of this wholly-owned subsidiary is prepared based on the normal operation needs of the company's business, aiming to improve the layout of core materials in the medical application field, in line with the company's long-term development strategic plan, and is conducive to further enhancing the company's overall competitiveness
