Power Logic-KY Announces Board Approval for Capital Increase of USD 5 Million to Subsidiary POWER LOGIC HOLDINGS INC by its subsidiary
Power Logic-KY announced that its board of directors has approved a USD 5 million capital increase for its subsidiary, POWER LOGIC TECH (THAILAND) CO., LTD. This funding aims to support the Thai subsidiary's operational development needs, including property and equipment acquisition and working capital.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 23:13 (15h 13m after Collected)
1. Board or shareholder meeting resolution date: 115/05/11
2. Investment plan details: POWER LOGIC HOLDINGS INC. to increase capital by USD 5 million to POWER LOGIC TECH (THAILAND) CO., LTD.
3. Estimated investment amount: USD 5,000,000
4. Estimated investment date: In installments after board approval, for operating funds
5. Funding source: Own funds
6. Specific purpose: To meet the operational development needs of the Thai company
7. Other matters to be noted:
To meet the operational development needs of its Thai subsidiary, previous capital investments were made for land and factory acquisition, factory expansion and renovation, and equipment procurement. Considering the subsequent need for working capital for various operational expenses in Thailand, it is proposed to increase the investment amount by a total of 150 million Thai Baht. The total registered capital of the Thai company will be increased from 400 million Thai Baht to 550 million Thai Baht. The capital increase funds will be remitted in installments based on actual funding requirements.
2. Investment plan details: POWER LOGIC HOLDINGS INC. to increase capital by USD 5 million to POWER LOGIC TECH (THAILAND) CO., LTD.
3. Estimated investment amount: USD 5,000,000
4. Estimated investment date: In installments after board approval, for operating funds
5. Funding source: Own funds
6. Specific purpose: To meet the operational development needs of the Thai company
7. Other matters to be noted:
To meet the operational development needs of its Thai subsidiary, previous capital investments were made for land and factory acquisition, factory expansion and renovation, and equipment procurement. Considering the subsequent need for working capital for various operational expenses in Thailand, it is proposed to increase the investment amount by a total of 150 million Thai Baht. The total registered capital of the Thai company will be increased from 400 million Thai Baht to 550 million Thai Baht. The capital increase funds will be remitted in installments based on actual funding requirements.