Xinfeng Snack intends to set up a wholly-owned subsidiary with its own capital of 500,000 yuan

On September 7, Xinfeng Snacks (872420) recently issued an announcement that the company intends to establish a new wholly-owned subsidiary due to business development needs, and the name and business scope of the proposed company are subject to the information approved and registered by industry and commerce. Registered capital: RMB 500,000, with its own funds, the proportion of capital contribution is 100%.

The purpose of this foreign investment: The secondary foreign investment is in line with the company's development strategy and development needs, and is conducive to promoting the expansion of outlets and regional layout.

Possible risks of this foreign investment: This foreign investment is a prudent decision to be made from the company's development, and there are no major risks, but there are still certain operational and management risks in the establishment of a wholly-owned subsidiary, and the company will take active and effective measures to prevent and deal with the above risks.

The impact of this foreign investment on the company's future financial position and operating results: This investment will not have a material adverse impact on the company's financial condition and operating results, and there will be no harm to the interests of the company and all shareholders. This foreign investment is in line with the company's development strategy and development needs, helps to improve the company's operating performance and market capabilities, and has positive significance for the company's long-term healthy and steady development.

According to the data of The Shell Network, Xinfeng Snacks is a Chinese restaurant service chain enterprise that mainly supplies classic snacks in Jiangnan such as small dumplings, wontons, vermicelli soups, and buns.

This article originated from the digging shell network