Mei Yingsen plans to invest 337 million yuan to open a subsidiary

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Lead: On February 1, Mei Yingsen issued a notice on the proposed investment of not more than 50 million US dollars to set up an Indian subsidiary for foreign investment. This investment in India is an important step for the company to strategically deploy to Southeast Asia. It is beneficial to share the market opportunities brought by the economic development of the Belt and Road, including India, along the countries along the Southeast Asia, enhance the competitiveness of the company's regional market, and further consolidate and improve The company's industry position has formed a new profit growth point for the company.

Mei Yingsen plans to invest no more than 50 million US dollars to set up a subsidiary in India

On February 1, Meiyingsen Group Co., Ltd. issued a notice on the establishment of an Indian subsidiary for foreign investment.

Meiyingsen Group Co., Ltd. (hereinafter referred to as “the company”) or through its subsidiaries intends to use self-raised funds of no more than 50 million US dollars (about 337 million yuan) to invest in India to set up a subsidiary Meiyingsen Group (India) Ltd. (hereinafter referred to as "India Meiyingsen").

This investment in India is an important step in the strategic layout of Southeast Asia, but there are certain risks.

This investment in India is an important step for the company to strategically deploy to Southeast Asia. It will help close the service company's customers, improve the company's ability to respond quickly to customers in India, and facilitate the sharing of the Belt and Road, including India, along the Southeast Asian countries. The market opportunities brought about by economic development will enhance the competitiveness of the company's regional market, further consolidate and enhance the company's industry position, and form a new profit growth point for the company.

If the project is implemented smoothly, it is expected to have a certain positive impact on the company's future operating results.

But there are also certain risks:

(1) Management and operational risks:

This investment is an overseas investment. India's laws, regulations, policy systems, and business environment are quite different from those of China. There are certain management and operational risks.

In this regard, the company will be familiar with and adapt to India's laws, policy systems, business and cultural environment as soon as possible, through information collection and analysis, strengthen policy monitoring, keep abreast of relevant policy trends, and ensure the efficient operation of India's Mei Yingsen.

(2) Sales and market risks:

Although the company has already made a certain understanding of the target customers, market prospects and competitive landscape of the investment area, and has reserved certain customer resources, there are still some projects after the completion of the project, the market expansion is not up to expectations, and the new capacity cannot be fully digested. risk.

The company will fully grasp the market opportunities, actively implement the project-related marketing strategy, and provide guarantee for the smooth sales of the products after the completion of the project, in order to achieve the digestion of new project capacity.

At the same time, the company will implement the Indian project in an orderly and orderly manner according to actual needs, and gradually invest funds to reduce investment risks.

(3) The board of directors has reviewed and approved the company's implementation of Indian investment matters, but the specific amount of investment in India, the phased investment plan, the company's place of registration and site selection are all implemented by the company's management layer.

Therefore, the progress of the specific registration of Indian subsidiaries is uncertain, please pay attention to the follow-up announcement.

This article is posted on this website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description.

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