Kunshan Kersen Science & Technology (603626.SH) plans to invest $30 million to establish an overseas subsidiary in Malaysia.

Kunshan Kersen Science & Technology (603626.SH) announced that, due to business development needs, the company plans to invest in building a new production base in Malaysia to meet the order demands of overseas customers. The company will use its wholly-owned subsidiary, Kunshan Kersen Science & Technology (Singapore) Limited (referred to as "Singapore Kersen"), as a pathway company to establish Senchuangli Precision Industrial (Malaysia) Private Limited (tentative name, subject to actual registration) in the state of Johor, Malaysia. The company's planned investment amount for this project is 30 million US dollars.