Feilong Auto Components (SHE:002536) plans to boost investment in overseas subsidiary Feilong International for a total amount of 600 million yuan.
The move will help boost sustainable profitability and comprehensive competitiveness, according to a Tuesday filing with the Shenzhen bourse.
Feilong International is engaged in the import and export of auto parts, electromechanical products and related technologies, and communications and electronic accessories.
Shares of Feilong Auto Components closed 1% lower Tuesday.
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