Recently, Shandong Daye Shares announced that it has set up subsidiary company in HongKong.
The new company, with 10,000 HK dollars of investment, was named Daye (HongKong) International Company.
Daye Shares said that its HongKong company is aimed to develop its bead wire,steel cord, rubber tube wire products in overseas market.
Daye Shares has been IPO in China's A share, focusing on producing bead wire,steel cord, rubber tube wire.
Dou Yong, Chairman of Daye Shares said the company could produce 207,900 tons of bead wires production every year, taking over 25% of market shares.
The company predicted that it posted 1.785-1.857 billion yuan of operation revenue in 2017, year-on-year rising by 27.38%-32.52%.
