Recently, Hengtong stock announcement said, in order to expand overseas business and channels, the company plans to invest500Hk $10,000 to establish a wholly-owned subsidiary in Hong Kong.

Ring view:Hengtong Stock set up a wholly-owned subsidiary in Hong Kong this time to strengthen its exchange and cooperation with overseas markets. Based on Hong Kong's status as a world financial center and its geographical advantages, the Hong Kong subsidiary will help the company to expand international business of new energy and continue to develop high-end overseas customers, driving the promotion of the company's brand image and value. The company can also accumulate experience in exploring overseas markets, lay a foundation for further development of overseas market business, promote the continuous upgrading of the company's industry and business coverage, which will have a positive impact on enhancing the company's comprehensive competitiveness and conform to the company's long-term development strategy.

CycloseThe company focuses on providing corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.