Weitang Industrial (300707.SZ) plans to establish a joint venture Scania Weitang Stamping Technology (Wuxi) Co., Ltd.

Zhitongcaijing · 10/15 11:25

Zhitong Finance App News, Weitang Industrial (300707.SZ) announced that Weitang Auto Stamping Technology (Wuxi) Co., Ltd. (“Weitang Stamping”), a wholly-owned subsidiary of the company, plans to jointly invest with Scania Manufacturing (China) Co., Ltd. (“Scania”) to establish a joint venture company, Scania Weitang Stamping Technology (Wuxi) Co., Ltd. (tentative name, finally subject to commercial registration approval). The registered capital of the joint venture is RMB 9 million, and Weitang Press holds 49% of the shares.