ASEAN Finance / Yiqiang Tech Increases Capital for Singapore Subsidiary

Yiqiang Technology announced today that its board of directors has approved a proposal to increase the investment limit for its Singapore subsidiary to US$10 million. On March 4th, Yiqiang Tech announced that the board had authorized the chairman to fully handle matters related to the reinvestment and establishment of a Singapore subsidiary within an investment limit of US$1 million. The Singapore subsidiary of Yiqiang Tech was officially registered on March 26th. Yiqiang Tech stated today that in response to future development trends in Southeast Asia and considering the mass production regions designated by clients, it plans to increase the capital of its Singapore subsidiary to US$10 million, authorizing the chairman to handle it according to actual circumstances within this limit. Furthermore, Yiqiang Tech announced that in response to its global layout, it plans to designate Singapore as the regional management center for Southeast Asia and South Asia, and will adjust the equity of Trantest Enterprise (India) Private Ltd and Trantest Enterprise (Vietnam) Company Limited under its Singapore subsidiary, Aethertek (Singapore) Private Limited. Founded in 1992, Yiqiang Tech initially focused on designing and selling memory ICs. In recent years, it has transformed into a provider of production testing solutions, expanding into testing for consumer electronics, automotive electronics, and AI servers.