Chengdu Xuguang Electronics to Establish Chengdu City Subsidiary; Shares Drop 5%

MT Newswires Live

2024/11/12

Chengdu Xuguang Electronics (SHA:600353) plans to establish a wholly owned subsidiary in Xindu District, Chengdu City, China to further boost overall competitiveness.

The subsidiary, tentatively named Chengdu Xuguang Electric Power Equipment, will have a registered capital of 10 million yuan, according to a Tuesday filing with the Shanghai bourse.

Shares of the electronic component manufacturer were down 5% in recent trade.

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