YOTRIO's subsidiary plans to invest in establishing a subsidiary in Indonesia
YOTRIO announced that its subsidiary, YOTRIO Singapore, will jointly invest with Germany's MWH GmbH to establish a subsidiary in Indonesia, primarily engaged in overseas capacity investment and international trade. This investment aligns with the company's development strategy, helps enhance overall competitiveness, promotes sustainable and healthy development, and will not have a significant adverse impact on its operational and financial conditions. The operating results of the newly established subsidiary will be included in the company's consolidated financial statements
According to the Zhitong Finance APP, YOTRIO (002489.SZ) announced that recently, its subsidiary Singapore YOTRIO and MWH GmbH (hereinafter referred to as "German YOTRIO," a wholly-owned subsidiary of Hong Kong YOTRIO) jointly invested to establish a subsidiary in Indonesia. This company will mainly focus on overseas capacity investment construction and international trade business related to the company's main operations.
This investment decision is based on the company's overall development strategy, which is beneficial for enhancing the company's comprehensive competitiveness and promoting its sustainable and healthy development. It will not have a significant adverse impact on the company's operational and financial conditions, and there is no situation that harms the interests of the company and all shareholders. After the establishment of the above subsidiary, its operational situation will be included in the company's consolidated financial statements
