What is a wholly-owned direct investment company?

1. A wholly-owned direct investment company refers to a wholly-owned subsidiary. \x0d\2. A wholly-owned subsidiary refers to a subsidiary wholly owned or controlled by a single parent company. The parent company can set up a wholly-owned subsidiary in two ways: \x0d\ The first way is to set up a new company from scratch and build brand-new production equipment (such as factory buildings, offices, machinery and equipment, etc.). ); \x0d\ The second is to acquire existing companies and use their equipment for their own use. Whether to set up an international subsidiary through acquisition or new construction depends largely on the business activities planned by the parent company.