Henghe Mould plans to establish a joint venture company in Singapore to strategically layout a precision manufacturing base locally

According to the announcement from Henghe Mould (300539.SZ), in order to implement strategic planning and development goals, further optimize the company's business layout, match customer support needs, and strengthen market competitive advantages, the company plans to establish a joint venture company SHARP-TEX PTE.LTD. (tentative name) in Singapore through its wholly-owned subsidiary Henghe International Holdings Limited (hereinafter referred to as "Henghe International") and Singapore company MICRO-TEX PTE.LTD. (hereinafter referred to as "MT"). This joint venture will leverage Singapore's location and platform advantages as a global trade hub to strategically layout a precision manufacturing base locally. According to the preliminary cooperation intentions reached by both parties, Henghe International will hold 40% of the joint venture, while MT will hold 60%.

The total investment amount for this project is $23 million, with MT's investment amount at $13.8 million for a 60% equity stake, and Henghe International's investment amount at $9.2 million for a 40% equity stake