Hai Shun Xin Cai (300501.SZ) plans to invest in setting up a wholly-owned subsidiary in Pakistan to further expand overseas markets.

Zhitong Finance APP News, Haishun New Materials (300501.SZ) announced that, in order to further expand overseas markets, enhance the company's sustainable development capabilities, and achieve the company's strategic goal of global layout, the company intends to invest in setting up a fully-owned subsidiary in Pakistan through its wholly-owned subsidiary Shanghai Haishun Medical Materials Co., Ltd., with a total investment not exceeding 1 million US dollars. The actual investment amount shall be subject to the approval of the Chinese and local competent authorities.