# Jinlong Electromechanical to relocate subsidiary Jiaai Motor factory to Dongguan

Jinlong Electromechanical plans to relocate its wholly-owned subsidiary Shenzhen Jiaai Motor's factory to the Dongguan Liaobu factory, incurring costs of about 24.6 million yuan.

- Type: Closure
- Announced: 2021-10-18
- Where: Dongguan, Guangdong, China
- Value: $3.80M (24.6M CNY)
- Status: announced
- Products: motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jinlong Electromechanical](https://endata.com/companies/58467.md)
- [Shenzhen Jiaai Motor](https://endata.com/companies/58468.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/576854.html), 2021-10-18: "金龙机电(300032.SZ)发布公告，为提高经营管理效率、降低生产成本，公司拟将全资子公司深圳甲艾马达有限公司厂区搬迁至东莞寮步厂区"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.