Kuangda Technology Group (SHE:002516) completed the establishment of a subsidiary, according to a Thursday disclosure on the Shenzhen bourse.
The subsidiary, Chongqing Kuangda Automotive Interior Parts, has a registered capital of 30 million yuan and will manufacture automotive parts.
The car seat producer obtained the business license for the subsidiary from the Market Supervision Administration of Shapingba District, Chongqing Municipality, China.