Hong Kong subsidiary completed, Igor's overseas business finds new opportunities
After more than two months of waiting, Igor Electric Co., Ltd. successfully "opened branches and leaves" in Hong Kong.
On April 18, 2018, Igor held the ninth meeting of the fourth board of directors and the seventh meeting of the fourth board of supervisors, and reviewed and approved the “Proposal on Investing in the Establishment of a wholly-owned Subsidiaryâ€, agreeing to the company’s own The funds set up a wholly-owned subsidiary in Hong Kong. Recently, Igor has finally completed the registration procedures for the wholly-owned subsidiary of Hong Kong and obtained the "Company Registration Certificate" and the "Business Registration Certificate" issued by the Companies Registry of the Hong Kong Special Administrative Region.
It is reported that Igor is a supplier of transformer products, complete power supply products and transformer core components to the global market. The main product series include inductor mode power supply products, electronic mode power supply products, special transformers, power transformers and transformer core components. Five categories are used in lighting, electric power, new energy, industrial control and other industries.
Igor said that the establishment of the Hong Kong subsidiary is also a supporting means for the company's industrial development and improvement of strategic layout, which is conducive to the company's further expansion of overseas business, build a platform for overseas investment and financing development, and improve overall competitiveness. A brief overview of Igor's years of business development, opening up the world market and business areas has always been their focus. In the early years, Igor went abroad and established subsidiaries in Germany, the United States, Japan and other places. With the technical advantages of special transformers, he became Japan's only overseas factory in Japan. In addition, there are overseas agencies in Beijing, Shanghai, Japan, the United States, Germany, Bangladesh, and Pakistan, trying to establish a good cooperation system.
It is worth noting that the development environment in the past two years seems to be paving the way for Igor's progress. With the rapid growth of China's manufacturing industry and the continuous expansion of industrial scale, energy-saving products such as phase-shifting transformers and photovoltaic power generation have all achieved good development opportunities. The new energy transformer products that are matched with them are also taking advantage of the wind, and the vast industrial space. Igor can be successfully upgraded to a new stage with his own accumulation. In December last year, Igor launched a successful A-share listing and became a listed company. This year, Igor insisted on “developing new land†based on the consolidation of its own business, and promoted more fundraising projects and new fields. Product development. Xiao Juncheng, chairman of Igor, said that the company's high-frequency transformer product fundraising project will be completed at the end of the year. It is expected to be put into use in June 2019, and the company is engaged in high-frequency magnetic elements of new energy vehicles and charging piles. R & D testing of the device, and strive to form an early.
However, opportunities always coexist with challenges. The establishment of the Hong Kong subsidiary will bring more development hopes to Igor, and it may also face risks in management, market and internal control in the subsequent business process. In addition, Hong Kong's laws, policy systems, and business environment are quite different from those in the Mainland. Subsidiaries that want to be stable and take root need sufficient space for compatibility. For the above risks, Igor has clearly stated that it will strengthen its operations management, internal control system establishment and project risk management, enhance the management level of its subsidiaries, and leverage its resources, technology, market and management advantages to leverage its overall business. Synergies to promote the healthy development of subsidiaries.
At present, the same application with the Hong Kong subsidiary is the Igor Jiangxi subsidiary, Ji'an Igor Magnetoelectric Technology Co., Ltd. (tentative name), who wants to engage in the production, research and development and sales of magnetic power device products. As far as Igor's current development trend is concerned, the completion of this subsidiary will also be just around the corner. Igor’s overall pace will also move towards a more comprehensive development model.
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