Sailun Jinyu Group Co., Ltd. has set up a new branch in Hong Kong and finished the procedure of registration.
The new firm, called Sailun Jinyu International Holdings (Hong Kong) Co., Ltd., is with a registered capital of 10,000 HK dollars.
According to an authority with Sailun Jinyu, the company sets up the wholly-ownedsubsidiary with its own capital of 200,000 U.S. dollars to engage in investment business, in a bid to further enhance the company’s competitiveness and realize the international development strategy.
In July, a subsidiary of Sailun Jinyu purchased Canada-based GOMA International Corp., in a bid to further reinforce the Chinese company’s international operation capacity and brand visibility.
The purchase was funded by FORTE Rubber, a wholly-owned subsidiary of Shenyang Heping Radial Tire Manufacturing Co., Ltd. in Ontario, Canada.
GOMA International Corp. is an international tire and rubber company specialized in international imports and exports of tires.
