Shenzhen AOTO Electronics Completes Registration of Thai Subsidiary
LED displays and control systems manufacturer Shenzhen AOTO Electronics (SHE:002587) completed the registration of a Thai subsidiary with a registered capital of 4 million Thai baht.
Aoto Electronics (Thailand) will engage in the research and development and design of electronic products, as well as the import and export of LED display screens and related accessories, according to a Saturday filing with the Shenzhen bourse.
The establishment of the Thai subsidiary will help promote the company's internationalization process, accelerate the construction of a marketing service center in Southeast Asia and further promote the sustained growth of overseas business, the company said.
Shenzhen AOTO Electronics shares closed 2% lower Monday.
Price (RMB): ¥5.46, Change: ¥-0.100, Percent Change: -1.80%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.