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Shenda Shares (600626): Subsidiaries To Buy Land To Build Factories To Meet Beijing Benz'S New Orders
Shen Da shares (600626) announced in the evening of April 26th, the company's controlling subsidiary, Ao Rui Shanghai, because of the new Beijing Mercedes Benz Wai Wai and sound insulation products and other orders, the overall capacity demand increased, the existing leasing plant can not meet the above project production needs. Ao Rui Shanghai intends to set up a subsidiary of Tianjin, invest about 99 million 820 thousand yuan in Tianjin to purchase land, build factories, supporting the production of new projects. The estimated annual sales revenue is about 2.25 yuan, with an average annual net profit of about 15 million 240 thousand yuan.
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