Changzhou Xingyu Automotive Lighting to make additional investment in Hong Kong unit  [ China ]

Changzhou Xingyu Automotive Lighting Systems Co., Ltd. announced that it will invest an additional HKD 700 million in its investment subsidiary, Xingyu Automotive Lighting (Hong Kong) Co., Ltd. The funding will increase the Hong Kong subsidiary's capital to HKD 193 million from the current HKD 62.8 million, and is expected to accelerate the group's global expansion initiatives. (From an announc...