Ming Feng Specialty Paper Co., Ltd. (600235.SH) plans to invest in setting up a wholly-owned subsidiary in Hong Kong.

China Fortune Financial News APP, Minfeng Special Paper (600235.SH) announced that in order to further promote the company's exchange and cooperation with the international market, and to timely obtain the latest information from the international market; enhance the expansion of overseas business, and accelerate the company's process of going global; the company plans to invest 500,000 Hong Kong dollars with its own funds in the Special Administrative Region of China Hong Kong to establish a wholly-owned subsidiary, mainly engaged in import and export trade; and related to the main business Technology, equipment, raw materials import and export business.