Dawei Group (300535.SZ) plans to establish overseas subsidiaries to strengthen its leading position in the chemical industry.

Zhitong Finance APP News, Dawei Group (300535.SZ) announced that, in order to consolidate the advantageous position of its chemical main business and expand the strategic needs of international chemical markets, the company plans to establish branches in Singapore, Brazil, and Italy. The plan is for Dawei Group and its wholly-owned subsidiary, Dawei International (Hong Kong) Limited, to jointly or individually invest in the establishment of Dawei (Singapore) Limited, Dawei (Brazil) Limited, and Dawei (Italy) Limited (the above names are tentative and subject to local registration). The funds will be sourced from self-raised or existing funds.