Gowin New Energy Group Limited Gowin New Subsidiaries (2607E)
July 14 2016 - 12:52PM
UK Regulatory
TIDMGWIN
RNS Number : 2607E
Gowin New Energy Group Limited
14 July 2016
14 July 2016
Gowin New Energy Group Limited
("Gowin" or the "Company")
Gowin New Subsidiaries
The Company announces the decisions made by the Board of
Directors at the meeting held on 7 July 2016. The Board approved
the setting up of two subsidiaries, in Taiwan (Goyoung Company
Limited) and in China.
Goyoung Company Limited
Goyoung Company Limited focuses on Sales business and will host
the headquarters of the Operation centre. Its registered capital is
USD 8,000,000. This subsidiary will allow the business model to
extend to a more diversified client selection and to realise
opportunities related to renewable energies.
Chinese subsidiary
The new subsidiary in China will meet Gowin's requirements in
terms of Research & Development (R&D), production /
manufacturing, sales, quality control and purchasing. With a
registered capital of RMB 10,000,000, it will upgrade the R&D
originally located at Gowin's headquarters. As a consequence, it
will be the new location of the R&D Management centre.
The directors of Gowin New Energy Group Limited accept
responsibility for this announcement.
For further information please visit www.gowinyichia.com or
contact the following:
Garry Willinge Gowin New Energy Group Limited +852 9100 9972
David Scott / James Dewhurst Alexander David Securities Limited +44 20 7448 9820
This information is provided by RNS
The company news service from the London Stock Exchange
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July 14, 2016 12:52 ET (16:52 GMT)