Weitang Industrial announced that Weitang Stamping, a wholly-owned subsidiary, plans to jointly invest with Scania to establish Scania Weitang Stamping Technology Co., Ltd., with a registered capital of 9 million yuan, and Weitang Press holds 49% of the shares. The investment aims to expand the auto parts business field and enhance the company's competitiveness. It does not constitute a related transaction or major asset restructuring.

Zhitongcaijing · 10/15 10:41
Weitang Industrial announced that Weitang Stamping, a wholly-owned subsidiary, plans to jointly invest with Scania to establish Scania Weitang Stamping Technology Co., Ltd., with a registered capital of 9 million yuan, and Weitang Press holds 49% of the shares. The investment aims to expand the auto parts business field and enhance the company's competitiveness. It does not constitute a related transaction or major asset restructuring.