Canaan Technology sets up wholly-owned subsidiary with RMB100m

Canaan Technology announced that the company plans to invest 100 million yuan in its own funds to establish a wholly-owned subsidiary Zhejiang Canaan Health Technology Co., Ltd. (tentative name).

Canaan Technology announced that the company plans to invest 100 million yuan in its own funds to establish a wholly-owned subsidiary Zhejiang Canaan Health Technology Co., Ltd. (tentative name).

The company said that the establishment of a wholly-owned subsidiary in this investment is conducive to integrating related social resources, helping to expand the company’s business scale, promoting the investment and construction of the industrial base of the Wenzhou smart factory project, and enhancing the company’s overall competitiveness.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/12/canaan-technology-sets-up-wholly-owned-subsidiary-with-rmb100m/.

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