Wuxi Hyatech Co.,Ltd. (688510.SH) Plans to Establish Subsidiary in Singapore and Grandchild Company in Malaysia
Stock News
Nov 28
Wuxi Hyatech Co.,Ltd. (688510.SH) announced plans to set up a subsidiary, "Hyatech Investments Singapore PTE. LTD." in Singapore and a grandchild company, "Hyatech (Malaysia) SDN. BHD." in Malaysia, with an investment not exceeding $70 million (approximately RMB 500 million). This move aims to optimize the company's strategic positioning and expand its overseas market presence. The investment is expected to enhance the company's overall competitiveness, align with its long-term development strategy, and have a positive strategic impact on its operations.
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