Smart (873571): Plans to invest in establishing a holding subsidiary, Smart( Shanghai) Industrial Development Co., Ltd.

NightAirdropper · 2026-03-07T15:40:51+00:00

Everyday Economic News, Smart announced on March 6 that, in accordance with the company's overall development and strategic layout needs, the company plans to jointly establish a holding subsidiary, Smart(Shanghai) Industrial Development Co., Ltd., with Yuda Feng Industrial Development (Shanghai) Co., Ltd., in Shanghai. The registered capital is RMB 2 million, of which Anhui Smart New Materials Co., Ltd. will subscribe RMB 1.2 million, accounting for 60%; Yuda Feng Industrial Development (Shanghai) Co., Ltd. will subscribe RMB 800,000, accounting for 40%. On March 6, 2026, the company held the 13th meeting of the second board of directors and approved the "Proposal on External Investment to Establish a Holding Subsidiary." This external investment does not require shareholder approval. (Reporter: Zhang Mingshuang) Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Please verify before use. Operate at your own risk. Daily Economic News

NightAirdropper

2026-03-07 15:40:51

Everyday Economic News reports that Smart announced on March 6th that, in line with the company’s overall development and strategic planning, it plans to jointly establish a holding subsidiary with Yuda Feng Industrial Development (Shanghai) Co., Ltd. in Shanghai. The registered capital will be 2 million RMB, with Anhui Smart New Materials Co., Ltd. contributing 1.2 million RMB (60%) and Yuda Feng Industrial Development (Shanghai) Co., Ltd. contributing 800,000 RMB (40%). On March 6, 2026, the company held the 13th meeting of the second board of directors, which approved the proposal for external investment to establish a holding subsidiary. This external investment does not require shareholder approval.

(Reporter: Zhang Mingshuang)

Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Please verify before use. Proceed at your own risk.

Daily Economic News

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