Accton Resolves to Increase Capital in Vietnamese Subsidiary by US$80 Million
Network communications manufacturer Accton has resolved to increase capital in its Vietnamese subsidiary, Vietnam Accton Technology Company Limited, by US$80 million for long-term investment purposes, to support its operational plans.
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ASEAN Financial Special Report (Total 300 articles)
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Seize the New Southbound, look to the economic pulse of ASEAN. Central News Agency's "Southeast Asia Financial Information Special Network" daily selects multiple financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries. Whether it's new government policies, industry trends, or investment opportunities, it allows you to grasp key information in real-time, understand the market, and seize business opportunities.
(Central News Agency Taipei 7th Report) Network communications manufacturer Accton announced today that its board of directors resolved to increase capital in its subsidiary, Vietnam Accton Technology Company Limited, by US$80 million. The funding source is own capital, and the purpose is long-term investment.
Accton stated that as of now, the cumulative amount of securities held in this transaction (including this transaction) has reached NT$3.217 billion. Accton's board of directors also approved the budget plan for Vietnam Accton Technology Company Limited today, intending to invest US$47.4 million to meet operational planning needs.
In addition, Accton's board of directors simultaneously approved a long-term factory lease for its Singapore subsidiary, Accton Technology SG Pte Ltd. To meet long-term operational needs, it plans to invest in a lease term not exceeding 20 years, with an amount not exceeding US$34.2 million.
Accton also announced its first-quarter financial report, with single-quarter revenue of NT$70.12 billion, net profit attributable to owners of the parent company of NT$8.341 billion, and basic earnings per share of NT$14.92.
According to Accton's official website, its product lines cover data center switches, metropolitan and enterprise switches, server switches, smart network interface cards, 5G base station gateways, aggregation routers, telecom central office core routers, edge computing servers, enterprise wireless access, broadband access and gateways, and smart sensors. 1150507
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Central News
Seize the New Southbound, look to the economic pulse of ASEAN. Central News Agency's "Southeast Asia Financial Information Special Network" daily selects multiple financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries. Whether it's new government policies, industry trends, or investment opportunities, it allows you to grasp key information in real-time, understand the market, and seize business opportunities.
(Central News Agency Taipei 7th Report) Network communications manufacturer Accton announced today that its board of directors resolved to increase capital in its subsidiary, Vietnam Accton Technology Company Limited, by US$80 million. The funding source is own capital, and the purpose is long-term investment.
Accton stated that as of now, the cumulative amount of securities held in this transaction (including this transaction) has reached NT$3.217 billion. Accton's board of directors also approved the budget plan for Vietnam Accton Technology Company Limited today, intending to invest US$47.4 million to meet operational planning needs.
In addition, Accton's board of directors simultaneously approved a long-term factory lease for its Singapore subsidiary, Accton Technology SG Pte Ltd. To meet long-term operational needs, it plans to invest in a lease term not exceeding 20 years, with an amount not exceeding US$34.2 million.
Accton also announced its first-quarter financial report, with single-quarter revenue of NT$70.12 billion, net profit attributable to owners of the parent company of NT$8.341 billion, and basic earnings per share of NT$14.92.
According to Accton's official website, its product lines cover data center switches, metropolitan and enterprise switches, server switches, smart network interface cards, 5G base station gateways, aggregation routers, telecom central office core routers, edge computing servers, enterprise wireless access, broadband access and gateways, and smart sensors. 1150507
Choose to stand with facts, every sponsorship you provide is the power 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, or publicly transmitted and utilized without authorization.