Shenglai Eye Care Announces Establishment of Wholly-Owned Subsidiary Zhuhai Hengqin Shengkai Medical Co., Ltd. with RMB 1 Million Investment

This article is sourced from: Wabei.com

Wabei.com, November 19 — Shenglai Eye Care (837880) announced that the company plans to establish a wholly-owned subsidiary, Zhuhai Hengqin Shengkai Medical Co., Ltd. (subject to final registration with the authorities), with its registered address in Zhuhai City (subject to the actual registered address), and a registered capital of RMB 1 million.

The purpose of this external investment: Based on the company's long-term development strategy planning, a subsidiary will be established in Zhuhai City to expand new business opportunities.

Possible risks of this foreign investment: This foreign investment is a prudent decision made by the company from a long-term strategic perspective, without any damage to the company's interests. However, there are certain operational and management risks. The company will continuously strengthen the establishment and operation of internal management and risk prevention mechanisms to ensure that the subsidiary gets on track steadily.

Impact of this foreign investment on the company's future financial condition and operating results: This foreign investment will not have a significant adverse impact on the company's financial condition and operating results, and there is no circumstance that would harm the interests of the company and its shareholders. From a long-term development perspective, it is beneficial for enhancing the company’s ongoing operational capabilities and has positive significance for the growth of the company’s future performance.

Waibei Network data shows that Shenglai Eye Care is a company mainly engaged in the wholesale of frozen meat, providing various poultry and livestock meat products and aquatic products to supermarkets, wholesalers, trading companies, and some end customers.