Common Stock Co., Ltd.: Establishing a wholly-owned subsidiary in Vietnam investment

date
24/06/2025
In order to actively expand overseas markets and enhance the core competitiveness of the company, Yuangong Corporation announced that it has invested with its own funds to establish a wholly-owned subsidiary, Su Yuan International, in Singapore. The company has also established a wholly-owned subsidiary, Vietnam Yuangong, in Vietnam, using the Singapore subsidiary as the investment entity to set up a production base in Vietnam. The registered capital of Su Yuan International is 10,000 Singapore dollars, Vietnam Yuangong is 49.67 billion Vietnamese dong, and the total investment in the Vietnam production base is 175.335 billion Vietnamese dong. This foreign investment will not have a significant impact on the company's financial position and operating results in the short term.