Shoe manufacturer, Xingquan International Sports Holdings Ltd, will invest 500 million renminbi or about RM231 million to establish a manufacturing facility, expand sales network and build upon its brand image. Chairman and Chief Executive Officer Wu Qing Quan said Xingquan did not foresee funding constraints as its cash assets, as of June 30, stood at RMB 587 million. He said RMB180 million …

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Xingquan to invest RM231m on expansion