[Tenglong Co., Ltd.: plans to set up a new subsidiary in Malaysia and invest in building a factory] May 12, Tenglong shares announced that the company plans to set up a new wholly-owned subsidiary "Changzhou Tenglong Malaysia Co., Ltd." in Malaysia and invests in the construction of the factory. the total investment is expected to not exceed 20 million US dollars. Mainly engaged in automotive air conditioning aluminum tube design and processing, automotive heat exchange system air conditioning pipeline assembly and connecting pipe and other products production. The factory can reduce the tax burden and improve the security of the supply chain. At the same time, it can also seize the opportunity of electric transformation to expand the market and the number of orders.