Yishi Precision (920221): Establishment of a holding subsidiary, Yishi Spring Technology (Nantong) Co., Ltd.

Everyday Economic News

Jiangsu Yishi Precision announced on March 6th that to optimize the company’s business layout, expand the fields of precision springs and elastic components, and enhance the company’s core competitiveness, Jiangsu Yishi Precision Technology Co., Ltd. recently jointly invested with SIS GmbH, the controlling shareholder of Germany’s Springtec Group, to establish a holding subsidiary in Nantong, China—Yishi Spring Technology (Nantong) Co., Ltd.—and has obtained a business license issued by the Nantong Market Supervision Administration. The new subsidiary’s registered address is No. 1018 Taiping North Road, Guanyinshan Street, Chongchuan District, Nantong City, Jiangsu Province. The total investment is 2 million euros, with a registered capital of 1.5 million euros, of which the company contributed 765,000 euros (51%), and SIS GmbH contributed 735,000 euros (49%).

(Reporter Zeng Jianhui)

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