Longda Corporation (688231.SH) plans to increase the capital of its Singapore subsidiary by 40 million US dollars to promote project construction.

Wisdom Financial News APP reports that Longda Stock Co., Ltd. (688231.SH) announced that the company plans to increase its investment in its wholly-owned subsidiary in Singapore, Xinda Company. Xinda Company previously established a wholly-owned subsidiary, Xinda Malaysia Company, on July 24, 2024 to implement project construction.