Ruide Design intends to invest 300,000 yuan to establish a wholly-owned subsidiary, Qingdao Ruide Design Consulting Co., Ltd

On December 1, Ruide Design (831248) announced that the company had set up a wholly-owned subsidiary " Qingdao Ruide Design Consulting Co., Ltd. in Qingdao, Shandong Province , registered in Laoshan District, Qingdao City, with a registered capital of RMB 1,000,000.00 and a paid-up capital of RMB 300,000.00.

The purpose of this foreign investment: The purpose of this foreign investment in the establishment of a wholly-owned subsidiary is mainly to further optimize the company's business regional layout, expand the company's business, enhance the company's profitability, and comprehensively enhance the company's comprehensive competitiveness.

Possible risks of this foreign investment: This investment is conducive to the company's expansion of its business in the north with its own funds, thereby enhancing the overall strength of the company, in line with the company's development strategy, the risk is controllable, and there is no harm to the interests of the company and shareholders. Although there are certain market risks and operational risks in the future operation process of wholly-owned subsidiaries, the company will actively improve the internal mechanism, adjust the strategy in a timely manner according to market changes, prevent possible risks, and ensure the safety and return of the company's investment.

The impact of this foreign investment on the company's future financial situation and operating results: This foreign investment is conducive to further enhancing the company's comprehensive competitiveness and profitability, and has a positive impact on the future financial situation and operating results.

According to the data of the digging shell network, Ruide Design is mainly engaged in product innovation design, commercial display prop design and production, commercial space design, and brand planning and design.

This article originated from the digging shell network