Yulon Motor Co Ltd said its board has approved the injection of a combined 23.10 mln usd into three wholly owned units in Nanjing in China's Jiangsu province.
The new funds will supplement their combined paid-in capital of 39 mln usd, it said in a filing with the local stock exchange.
The three units were set up to help the Taiwan carmaker expand its distribution network on the mainland.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: buyer-support@gasgoo.com Seller Service: seller-support@gasgoo.com
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
