Hontech plans to increase investment in Thai subsidiary
360
2024
Board
purchase
invest
funds
Technology
360
equipment
construction
foundation
machine
Hongte Technology
foundation
Board of Directors
RMB
2024-12-26 20:23
220
Hongte Technology announced that the company will consider increasing the investment in its Thai subsidiary to RMB 360 million (with a total investment of no more than RMB 450 million) at the 21st meeting of the 5th Board of Directors on December 6, 2024. The funds will be used to purchase land, machinery and equipment, plant construction and lay the foundation for working capital.
