Sanlian Forging (001282.SZ) plans to establish a German branch and cancel the European branch

Zhitong Finance App News, Sanlian Forging (001282.SZ) issued an announcement. The company's board of directors reviewed and passed the “Proposal on Establishing a German Branch and Cancelling the European Branch”. The board of directors agreed to establish a German branch and cancel the European branch, and authorized the company's management and management personnel to handle specific matters.

According to the announcement, the original European branch was registered in 2019, has no actual operation, and is unable to disburse operating capital. Currently, according to the adjustments in the company's strategic plan, it is proposed to send sales personnel to Germany to further cultivate the European market, be closer to overseas end customers, shorten the service response radius, enhance localized business connections, technical consulting and after-sales operation and maintenance service capabilities, continue to consolidate high-quality overseas customer resources, enhance the company's product share and brand influence in the European market, improve the company's international business layout. In order to meet the ODI filing requirements of the Bureau of Commerce and Development and Reform Commission, the company plans to establish a German branch The company also cancelled its original European branch.