Power Logic Tech Increases Capital in Thai Subsidiary by US$5 Million to Meet Operational Needs
Power Logic Tech has decided to inject US$5 million in cash into its Thai subsidiary, POWER LOGIC TECH(THAILAND) CO., LTD., to meet operational funding requirements. This will increase the Thai subsidiary's capital to 550 million Thai Baht.
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ASEAN Financial Special Report (Total 300 articles)
Central News Agency
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(Central News Agency, Taipei, 11th) The board of directors of Power Logic Tech Co., Ltd. today resolved to increase capital in its Thai subsidiary, POWER LOGIC TECH(THAILAND) CO., LTD., by US$5 million through a cash injection, to meet the operational development needs of the Thai subsidiary.
Power Logic Tech stated that previous funds have been invested in capital expenditures such as land and factory acquisition, factory expansion and renovation, and machinery and equipment purchases. Considering the subsequent working capital needs for various operational expenses in Thailand, the company plans to increase the investment amount by 150 million Thai Baht (approximately US$5 million); the total paid-in capital of the Thai subsidiary will increase from the original 400 million Thai Baht to 550 million Thai Baht.
After this capital increase, Power Logic Tech will hold 55 million common shares of POWER LOGIC TECH (THAILAND) CO., LTD., with a value of US$17.358 million, maintaining a 100% shareholding ratio.
Power Logic Tech stated that the capital injection will be remitted in installments based on actual funding needs.
Power Logic Tech's main products are cooling fans, designed with smart control circuits to match customer systems, such as designs for low startup pressure, voltage resistance, and current resistance. 1150511
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Central News Agency
Seize the New Southbound Policy, look to the pulse of the ASEAN economy. CNA's "Southeast Asia Financial Information Network" daily selects multiple financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries for you. 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, 11th) The board of directors of Power Logic Tech Co., Ltd. today resolved to increase capital in its Thai subsidiary, POWER LOGIC TECH(THAILAND) CO., LTD., by US$5 million through a cash injection, to meet the operational development needs of the Thai subsidiary.
Power Logic Tech stated that previous funds have been invested in capital expenditures such as land and factory acquisition, factory expansion and renovation, and machinery and equipment purchases. Considering the subsequent working capital needs for various operational expenses in Thailand, the company plans to increase the investment amount by 150 million Thai Baht (approximately US$5 million); the total paid-in capital of the Thai subsidiary will increase from the original 400 million Thai Baht to 550 million Thai Baht.
After this capital increase, Power Logic Tech will hold 55 million common shares of POWER LOGIC TECH (THAILAND) CO., LTD., with a value of US$17.358 million, maintaining a 100% shareholding ratio.
Power Logic Tech stated that the capital injection will be remitted in installments based on actual funding needs.
Power Logic Tech's main products are cooling fans, designed with smart control circuits to match customer systems, such as designs for low startup pressure, voltage resistance, and current resistance. 1150511
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
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The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.