Zhejiang Yongqiang (002489.SZ) issued an announcement that Yongqiang (Hong Kong) Co., Ltd. (hereinafter referred to as "Yongqiang Hong Kong"), a wholly-owned subsidiary of the company, participated in the investment and establishment of a subsidiary with its own funds of US$4 million, which will serve as an overseas financing and investment management platform, and the main investment direction will be engaged in leisure, tourism and vacation services or other businesses determined by the company's management according to market conditions.
The company said that through this investment, make full use of the target company platform, learn from the investment capabilities of partners, seek M&A targets of great significance to the company in a wider range, further explore richer profit and investment models, and accelerate the pace of the company's industrial upgrading and development.