SHBT plans to increase its subsidiary's capital by 150 million yuan to further expand into overseas markets
SHBT plans to increase its capital by 150 million yuan for its wholly-owned subsidiary, SHBT Singapore Investment Co., Ltd., with 99% allocated for the capital increase of SHBT Singapore Technology Co., Ltd., and the remaining 1% directly used for the Thailand company. This move will help enhance the subsidiary's capital turnover ability, meet daily operational needs, and strengthen overseas market expansion capabilities, aligning with the company's strategic planning
According to the announcement from Beite Technology (603009.SH), the company plans to increase its capital by RMB 150 million for its wholly-owned subsidiary Beite Singapore Investment Co., Ltd. (hereinafter referred to as "Beite Singapore Investment") using its own funds. 99% of this capital increase will be used for the capital increase of Beite Singapore Technology Co., Ltd. (hereinafter referred to as "Beite Singapore Technology"), and all of it will be used by Beite Singapore Technology for the capital increase of Beite Technology (Thailand) Co., Ltd. (hereinafter referred to as "Thailand Company"); the remaining 1% will be directly used by Beite Singapore Investment for the capital increase of the Thailand Company. The above capital increase funds will ultimately be fully used for the capital increase of the Thailand Company.
This capital increase for the subsidiary is beneficial for the subsidiary's capital turnover, meets its daily operational needs, enhances its overseas business expansion capabilities, and further opens up overseas markets, aligning with the company's strategic planning and long-term interests
