Hwaway Technology Corporation (001380.SZ) plans to establish two subsidiary companies in Germany to engage in the business of spring products.

19:15 20/10/2025

001380.SZ announced that the company plans to use its own funds or self-raised funds to acquire a controlling stake in its wholly-owned subsidiary, Huaweiyu.

Hwaway Technology Corporation (001380.SZ) announced that the company plans to invest in its wholly-owned subsidiary, Huawei Supply Chain (Hainan) Co., Ltd. ("Huawei Hainan"), with its own funds or self-raised funds. Huawei Hainan will then invest a total of not more than 20 million euros in two German subsidiaries, Jinsheng Holding Germany GmbH and Jinsheng Federn Germany GmbH, through Huawei Investment Hong Kong. These two German companies will be engaged in the research and development, production, and sales of spring products in Germany. The funds will be used for purposes including but not limited to purchasing land, equipment, constructing factories, directly acquiring existing assets, and daily operating expenses.

US Stock Market Move | Tesla, Inc. (TSLA.US) rises 2% ahead of the upcoming Q3 financial report release.

Jl Mag Rare-Earth (06680): Li Xiaoguang resigns as non-executive director.

One of the controlling shareholders of Wuhan Fingu Electronic Technology (002194.SZ), Meng Qingnan, and his concerted action parties plan to reduce their shareholding by no more than 3%.

US Stock Market Move | Tesla, Inc. (TSLA.US) rises 2% ahead of the upcoming Q3 financial report release.

Jl Mag Rare-Earth (06680): Li Xiaoguang resigns as non-executive director.

One of the controlling shareholders of Wuhan Fingu Electronic Technology (002194.SZ), Meng Qingnan, and his concerted action parties plan to reduce their shareholding by no more than 3%.