Longda plans to increase its investment in its Singapore subsidiary by USD 40 million to promote project construction
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Longda plans to increase its capital by USD 40 million to its wholly-owned subsidiary in Singapore, Xinda Company, to support the project construction of Xinda Malaysia Company. This capital increase will be used for expanding the factory, increasing production equipment, supplementing operating funds and raw material procurement, and improving local supply chain management. Xinda Malaysia Company will produce various products such as high-temperature alloys and corrosion-resistant alloys to meet international market demand
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