ASEAN Finance / Global PMX's Singapore Subsidiary Acquires Property Usage Rights from Related Party

Global PMX announced today on behalf of its Singapore subsidiary, Global PMX Pte. Ltd., the acquisition of property usage rights from a related party, Jianhuang Optoelectronics (Vietnam) Technology Co., Ltd., to be used as an office and factory. According to the announcement, the subject property is a factory located in Plot CN02, Phase 1 of the Thai Ha Industrial Park in Ninh Binh Province, Vietnam. The total leased area is 3,403 square meters, with a monthly rent of $5.02 per square meter, totaling $17,083.06 per month. The total value of the right-of-use asset is estimated at $1,184,613.11. Global PMX is primarily engaged in the processing, manufacturing, and trading of precision metal components. In the first quarter, the company reported revenue of NT$2.272 billion, net profit attributable to the parent company of NT$310 million, and basic earnings per share of NT$2.7.