Haichang New Materials: Has completed the registration of wholly-owned subsidiaries in Singapore and Vietnam and signed land lease agreements

NightAirdropper · 2026-03-12T08:49:36+00:00

Haichangxin Materials announced that it will establish wholly-owned subsidiaries in Singapore and Vietnam in 2025, with registered capitals of 100,000 SGD and 5 million USD respectively. Both subsidiaries have completed registration and signed land lease agreements, but may face operational risks. The company will take preventive measures.

NightAirdropper

2026-03-12 08:49:36

Abstract generation in progress

Rui Si Wang Xu: On March 12, Haichang New Materials announced that to deepen its presence in the international market, the company plans to establish a wholly owned subsidiary in Singapore, Haichang Overseas, and a wholly owned subsidiary in Vietnam, Vietnam Haichang Precision, with a budget of no more than USD 8 million from its own funds by March 6, 2025. Currently, both subsidiaries have completed registration. Haichang Overseas has a registered capital of 100,000 SGD, with Zhou Guangrong as legal representative; Vietnam Haichang Precision has a registered capital of USD 5 million, with Xu Jiping as legal representative. Additionally, Vietnam Haichang Precision has signed a land use rights lease agreement with Zhoude Industrial Zone. Due to differences between the local and domestic environments, the company may face operational and other risks in the future and will take measures to prevent them.

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