Shuang Qiang Co., Ltd. announced on October 29, 2010 that the Board of Directors passed two proposals for controlling investments in subsidiaries. The total investment of the two projects was approximately 1.83 billion yuan. The first project is an annual production of 1.8 million high-performance all-steel radial passenger tire expansion projects with a subsidiary holding 51.67% of the company, Double Money Group (Rugao) Tire Co., Ltd., with a total investment of 1.526 billion yuan. The second project is a 55% owned subsidiary of Double Money (Chongqing) Tire Co., Ltd. with an annual output of 500,000 high-performance Steel Wire radial tire technical transformation project, a total investment of 404 million yuan. Rotary Die Cutting,Rotary Die Cutting Rule,Rotary Perforating Rule,Rotary Die Cutting Blade Jiangyin Mitoo Precise Co.,Ltd. , https://www.mitoosteel.com
Double money shares subsidiary plans to invest 1.83 billion in two projects