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Nanjing Xinbai plans to establish three wholly-owned subsidiaries in Hong Kong On March 16, Nanjing Xinjiekou Department Store Co., Ltd. (hereinafter referred to as “Nanjing Xinbai”) issued an announcement, announcing that it was planning to establish three wholly-owned subsidiaries in Hong Kong, China, each with a registered capital of 10,000 Hong Kong dollars, and the company’s contribution ratio was adjusted by 100%.Nanjing Xinbai said in the announcement that this time it plans to establish an investment platform in Hong Kong, China, mainly to meet the company’s internal management needs and optimize the company’s overseas investment equity structure.The business scope of the three companies is expected to be investment, management, consulting, information services, import and export of goods and technology.At the same time, the capital source of this foreign investment is Nanjing Xinbai’s own funds, which will not have a significant impact on the company’s financial and operating conditions, and there…

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