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Hi-Lex Corporation ( (JP:7279) ) has shared an update.
Hi-Lex Corporation will establish a new specified subsidiary, Shanghai Hi-Lex Intelligence System Co., Ltd., in Shanghai’s Jinshan District to manufacture and sell large door modules for customers in China’s East China region. The plant, scheduled for establishment in July 2026 and indirectly 50.4% owned by Hi-Lex through CHONGQING HI-LEX CABLE SYSTEM GROUP CO., LTD., is intended to localize production near major customers and support long-term performance, with only minimal impact expected on the current fiscal year.
The new company will have capital of CNY 35 million, with 80% held by CHONGQING HI-LEX CABLE SYSTEM GROUP CO., LTD. and 20% by Zhang Ping, who will serve as chairman and is currently general manager of the Chongqing group. By creating a dedicated door module production base in Shanghai, Hi-Lex is strengthening its supply capabilities and competitive positioning in China’s automotive supply chain while integrating management links through shared directorships with the parent group.
The most recent analyst rating on (JP:7279) stock is a Hold with a Yen3023.00 price target. To see the full list of analyst forecasts on Hi-Lex Corporation stock, see the JP:7279 Stock Forecast page.
More about Hi-Lex Corporation
Hi-Lex Corporation is a Japan-based manufacturer in the automotive components sector, listed on the TSE Standard Market under code 7279. The company focuses on systems such as cables and related modules for vehicle applications, and is expanding its production footprint to better serve regional automakers, especially in key growth markets like China.
Average Trading Volume: 94,794
Technical Sentiment Signal: Buy
Current Market Cap: Yen112.8B
For an in-depth examination of 7279 stock, go to TipRanks’ Overview page.