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Peng Ding Holdings announced on December 29 that the company plans to invest 100 million yuan (including additional currency) to establish a wholly-owned subsidiary in Singapore, and then a Singapore company to set up a wholly-owned subsidiary in India.

The announcement shows that this issue of overseas investment does not involve related party transactions. The source of funds is self-owned funds and does not involve the use of raised funds.

 

(1) Singapore subsidiary

  1. Company Name: Peng Ding (Singapore) Co., Ltd. (tentative), English name to be determined
  2. Place of registration: Singapore
  3. Nature of the company: limited liability company
  4. Investment method: funded by own funds, cash or equipment
  5. Equity structure: 100% shareholding by Peng Ding Holdings
  6. Business scope: R&D of manufacturing and sales of printed circuit boards and electronic related materials and equipment

 

(2) Indian subsidiary

  1. Company Name: Peng Ding (India) Co., Ltd. (tentative), English name to be determined
  2. Place of registration: Chennai, India
  3. Nature of the company: limited liability company
  4. Investment method: funded by own funds, cash or equipment
  5. Equity structure: 100% shareholding by Peng Ding Holdings Singapore subsidiary
  6. Business scope: R&D of manufacturing and sales of printed circuit boards and electronic related materials and equipment

 

Peng Ding Holdings said that the establishment of overseas subsidiaries is mainly in response to the needs of the company’s future business development. The main business scope of the establishment of the Singapore subsidiary and the Indian subsidiary is the manufacturing and sales research and development of printed circuit boards and electronic related materials and equipment, which is consistent with the main business of Peng Ding Holdings. After the establishment of overseas subsidiaries, the scope of the company’s consolidated statements will increase the Singapore subsidiary and the Indian subsidiary.

 

Source: Juchao Information Network

 

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