CANG YOU Resolves to Increase Capital in Malaysian Subsidiary by US$2.2 Million to Meet Factory Construction Needs
CANG YOU, a transmission system manufacturer, announced that its board of directors resolved to increase capital in its Malaysian subsidiary, YORU TECH SDN. BHD., by US$2.2 million to meet the subsidiary's factory construction needs. This brings the cumulative investment to US$8.8 million.
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ASEAN Financial Special Report (Total 300 articles)
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(Central News Agency, Taipei, May 6th) Transmission system manufacturer CANG YOU announced today that its board of directors resolved to increase capital in its Malaysian subsidiary, YORU TECH SDN. BHD., with a total transaction amount of US$2.2 million, for the purpose of meeting the subsidiary's factory construction needs.
The announcement stated that as of now, the cumulative amount of securities held in this transaction (including this transaction) has reached US$8.8 million, with a shareholding ratio of 55%.
CANG YOU stated that with a 55% shareholding ratio, it plans to subscribe to this capital increase proportionally, investing an additional US$2.2 million, bringing the cumulative total investment to US$8.8 million. The remaining 45% equity will be subscribed proportionally by the joint venture partners.
According to CANG YOU's official website, the company was established in 1985, initially as an automotive parts supplier exporting to the North American market. Through years of effort, it has expanded its product line to include automatic transmission components, heavy-duty truck clutch components, and industrial machinery components.
CANG YOU also announced its first-quarter financial report today. First-quarter revenue was NT$250 million, net profit attributable to owners of the parent company was NT$52.44 million, and basic earnings per share were NT$0.51. CANG YOU's March revenue was NT$110 million, a year-on-year increase of 27.04%. 1150506
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Central News Agency
Seize the New Southbound, look to the pulse of the ASEAN economy. Central News Agency's "Southeast Asia Financial Information Network" selects multiple financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries for you daily. Whether it's new government policies, industry trends, or investment opportunities, it allows you to grasp key information in real-time, gain insight into the market, and seize business opportunities.
(Central News Agency, Taipei, May 6th) Transmission system manufacturer CANG YOU announced today that its board of directors resolved to increase capital in its Malaysian subsidiary, YORU TECH SDN. BHD., with a total transaction amount of US$2.2 million, for the purpose of meeting the subsidiary's factory construction needs.
The announcement stated that as of now, the cumulative amount of securities held in this transaction (including this transaction) has reached US$8.8 million, with a shareholding ratio of 55%.
CANG YOU stated that with a 55% shareholding ratio, it plans to subscribe to this capital increase proportionally, investing an additional US$2.2 million, bringing the cumulative total investment to US$8.8 million. The remaining 45% equity will be subscribed proportionally by the joint venture partners.
According to CANG YOU's official website, the company was established in 1985, initially as an automotive parts supplier exporting to the North American market. Through years of effort, it has expanded its product line to include automatic transmission components, heavy-duty truck clutch components, and industrial machinery components.
CANG YOU also announced its first-quarter financial report today. First-quarter revenue was NT$250 million, net profit attributable to owners of the parent company was NT$52.44 million, and basic earnings per share were NT$0.51. CANG YOU's March revenue was NT$110 million, a year-on-year increase of 27.04%. 1150506
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.