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Chuangji's wholly-owned subsidiary Chuangji Investment (Shenzhen) Co., Ltd. plans to form a joint venture with Guangzhou Feihong Intelligent Technology Co., Ltd., focusing on the R&D, production, sales and service of five-axis CNC machine tools. Chuangji Investment will hold a controlling stake. The announcement was made on December 2, 2022.
“The joint venture will be controlled by Chuangji Investment (Shenzhen) and will focus on the R&D, production, sales and service of five-axis CNC machine tools.”jiemian.com
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