Anhui Xinbo Aluminum (003038.SZ) plans to establish a subsidiary in Singapore with an investment of $1.5 million to expand into the international market.

Anhui Xinbo Aluminum (003038.SZ) announced that the company will use self-raised funds to invest $1.5 million in setting up a subsidiary in Singapore called "New Era Xinjiang International Industry Private Limited Company" for the expansion of international markets for the company's products and other related businesses.