Senao Networks Plans to Inject $10 Million into Vietnamese Subsidiary to Optimize Financial Structure

Southeast Asia Financial Special Report (Total 300 articles)

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(Central News Agency, Taipei, May 5th) Network communications equipment provider Senao Networks Inc.'s board of directors today resolved to inject $10 million in cash into its wholly-owned Vietnamese subsidiary, SENAO NETWORKS VIETNAM CO., LTD. The purpose of this capital increase is to save on interest and optimize the financial structure.

Senao Networks' capital increase to its Vietnamese subsidiary will be funded by its own capital.

As of the fourth quarter of last year, Senao Networks' investment balance in its Vietnamese subsidiary, SENAO NETWORKS VIETNAM CO., LTD., reached NT$530.712 million.

Senao Networks Group was founded in 2006. Its products cover wireless network communication, high-speed Ethernet, network security equipment, data center switches, power supply equipment, and long-distance wireless telephone systems. Its three major business areas are "enterprise-grade wireless networks," "data center high-speed network equipment," and "cloud intelligent network management platform." 1150505

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