Jiangsu Changshu Automotive Trim Group Co.,Ltd. (603035.SH) announced its plan to inject €7 million of its own funds into its wholly-owned subsidiary, WAY Business Solutions GmbH ("WAY Business"). This strategic move is driven by the company's broader development plan and the necessity to expand its European operations, thereby strengthening the subsidiary's capital base. Following the completion of this capital increase, the company will retain 100% ownership of WAY Business. The investment is intended to reduce WAY Business's asset-liability ratio, safeguard its financing capabilities, and enhance its overall risk resilience. This initiative will facilitate the subsidiary's improved development and aligns with the company's strategic objectives for business growth in the European market, without compromising the interests of the company or its shareholders.
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