SUZHOU GOOD-ARK plans to establish a subsidiary in Singapore to expand its overseas market
SUZHOU GOOD-ARK announced that the company will increase its capital by 80 million RMB to its wholly-owned subsidiary GOODARK Technology, and after the capital increase, it will establish a wholly-owned subsidiary "GOODARK SINGAPORE PTE. LTD." in Singapore with an investment of 11.15 million USD. This move aims to enhance cooperation with international clients, expand overseas markets, and improve the company's international visibility and brand influence in the semiconductor and new materials fields
According to the announcement from Zhitong Finance APP, Suzhou Good-Ark (002079.SZ) stated that the company will use its own funds of 80 million RMB to increase the capital of its wholly-owned subsidiary Good-Ark Electronic Technology (Suzhou) Co., Ltd. (referred to as "Good-Ark Technology"). After the completion of this round of capital increase, Good-Ark Technology will invest 11.15 million USD (approximately 80 million RMB) to establish Suzhou Good-Ark's wholly-owned subsidiary "GOODARK SINGAPORE PTE. LTD." in Singapore.
The announcement stated that this external investment aims to strengthen cooperation with international customers and partners through the operation of the Singapore subsidiary, expand overseas market share, and enhance the international visibility and brand influence of the company's products and services. It will promote the company's business growth in the semiconductor and new materials fields and achieve the layout and optimization of the global industrial chain
