Shandong Golden Empire Precision Machinery Technology Investing 15 Million Yuan for German Unit Set Up

MT Newswires Live
2024/12/11

Shandong Golden Empire Precision Machinery Technology (SHA:603270) plans to invest up to 15 million yuan to establish a unit in Germany, according to a Tuesday filing with the Shanghai bourse.

A new entity will focus on research, development, and sales of automotive and energy components, supporting Jindi's global strategy. The project faces challenges, including regulatory approvals, team recruitment, and internal funding.

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