Longwell plans to increase capital in Thai subsidiary by 600 million Thai Baht

Longwell Technology, a connector manufacturer, resolved at its board meeting to increase the capital of its Thai subsidiary, LONGWELL COMPANY (THAILAND) CO., LTD., by 600 million Thai Baht. This move is expected to bring Longwell's total investment in the Thai subsidiary to 1.89 billion Thai Baht.
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(Central News Agency, Taipei, 8th) The board of directors of Longwell Technology, a connector manufacturer, today resolved to increase the capital of its Thai subsidiary, LONGWELL COMPANY (THAILAND) CO., LTD., by means of cash injection, amounting to 600 million Thai Baht.

After this capital increase in the Thai subsidiary, Longwell is expected to hold 378 million shares in the company, with a total value of 1.89 billion Thai Baht.

According to Longwell's latest disclosed information, as of the end of the first quarter of this year, its investment balance in the Thai subsidiary LONGWELL COMPANY (THAILAND) CO., LTD. reached 1.197 billion New Taiwan Dollars. 1150508

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