What does industrial company mean? What exactly is an industrial company?

Industrial companies are usually some production, manufacturing and technical enterprises, and industrial companies generally have many subordinate enterprises (usually more than three). One of the most obvious characteristics of industrial companies is that the goods they provide are absolutely in kind, or that companies with their own factories or entities rely on it, which is opposite to trading companies.

Divide the business scope into five industries that span the national economy, so that the industry categories of the company do not need to be specifically expressed in the company name, but directly expressed by the words XX Industrial Co., Ltd. and XX Enterprise Development Co., Ltd.

Extended data:

The setup procedure is simple. Generally speaking, you can apply for opening an account as long as you have the conditions of the company law. Shareholders have accumulated, participated in company activities and organized flexibly. For a small number of shareholders and a small scale, there may be an executive director, no board of directors or one or two supervisors, and no board of supervisors. The scale can be enlarged or reduced.

The total amount of converted shares shall be publicly disclosed relative to the company's net assets in order to increase capital. The present value of shares shall be handled in accordance with the provisions of the commercial law on raising shares from social companies.

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