Shanghai Shenda to Invest $34 Million For Subsidiary's New Projects

MT Newswires Live

2025/03/10

Shanghai Shenda (SHA:600626) approved a $33.7 million investment in wholly-owned subsidiary Auria Solutions in 2025.

The investment will focus on upgrading production lines for new projects with General Motors, Mercedes-Benz, Honda, Volvo, BMW, and Volkswagen, according to a March 8 filing with the Shanghai bourse.

Shares of the textile manufacturer were down less than 1% Monday.

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