Shanghai Golden Bridge InfoTech (SHA:603918) plans to invest up to 14.8 million yuan in its wholly owned subsidiaries and establish a new unit in Malaysia to expand its international presence.
The investment will be made via Singapore subsidiary Golden Bridge InfoTech Global, which will set up Golden Bridge Info Tech Global in Malaysia, according to a Wednesday filing with the Shanghai bourse.
The new subsidiary will provide information technology and audiovisual technology services.
Shares of the multimedia application services provider closed 1% lower Wednesday.