Cheng Loong Vietnam Subsidiary to Increase Capital in Cheng Loong Binh Duong Paper by US$50 Million
Cheng Loong, a major industrial paper manufacturer, announced a US$50 million capital increase for its subsidiary Cheng Loong Binh Duong Paper Co., Ltd. through Cheng Loong Southeast Asia Holding Co., Ltd. The purpose is to bolster operating funds and strengthen its financial structure.
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ASEAN Finance Special Report (total 300 articles)
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(Central News Agency, Taipei, 12th) Major industrial paper manufacturer Cheng Loong announced today that its board of directors resolved to increase capital in its subsidiary Cheng Loong Southeast Asia Holding Co., Ltd. with a transaction volume of 50 million shares and a total transaction amount of US$50 million. This capital will ultimately be transferred to its subsidiary Cheng Loong Binh Duong Paper Co., Ltd. (Cheng Loong Binh Duong Paper Co., Ltd.) to replenish operating funds and improve its financial structure.
Cheng Loong stated that it will increase capital by US$50 million to its wholly-owned subsidiary Cheng Loong Southeast Asia Holding Co., Ltd., and then Southeast Asia Holding will transfer the same amount of funds to its subsidiary Cheng Loong Vietnam Paper Investment Co., Ltd., with the funds ultimately flowing into Cheng Loong Binh Duong Paper Co., Ltd..
Cheng Loong Binh Duong Paper is the production hub in Vietnam. After this capital increase, Cheng Loong Group's cumulative investment will reach US$420 million. Cheng Loong stated that the capital increase funds will be injected in installments according to actual capital requirements.
Cheng Loong also announced its first-quarter financial report today. Consolidated revenue for the quarter was NT$10.422 billion, net profit attributable to owners of the parent company was NT$623 million, and basic earnings per share were NT$0.56.
Cheng Loong General Manager Chang Ching-Piao previously stated at an investor conference that since entering the Vietnamese market in 2005, Cheng Loong has continuously expanded local investments, establishing an integrated industrial paper and paper container production system. It currently has one paper mill and five paper container factories. 1150512
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Central News
Grasp the New Southbound Policy, look to the economic pulse of ASEAN. Central News Agency's "Southeast Asia Financial Information 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 instantly grasp key information, understand the market, and seize business opportunities.
(Central News Agency, Taipei, 12th) Major industrial paper manufacturer Cheng Loong announced today that its board of directors resolved to increase capital in its subsidiary Cheng Loong Southeast Asia Holding Co., Ltd. with a transaction volume of 50 million shares and a total transaction amount of US$50 million. This capital will ultimately be transferred to its subsidiary Cheng Loong Binh Duong Paper Co., Ltd. (Cheng Loong Binh Duong Paper Co., Ltd.) to replenish operating funds and improve its financial structure.
Cheng Loong stated that it will increase capital by US$50 million to its wholly-owned subsidiary Cheng Loong Southeast Asia Holding Co., Ltd., and then Southeast Asia Holding will transfer the same amount of funds to its subsidiary Cheng Loong Vietnam Paper Investment Co., Ltd., with the funds ultimately flowing into Cheng Loong Binh Duong Paper Co., Ltd..
Cheng Loong Binh Duong Paper is the production hub in Vietnam. After this capital increase, Cheng Loong Group's cumulative investment will reach US$420 million. Cheng Loong stated that the capital increase funds will be injected in installments according to actual capital requirements.
Cheng Loong also announced its first-quarter financial report today. Consolidated revenue for the quarter was NT$10.422 billion, net profit attributable to owners of the parent company was NT$623 million, and basic earnings per share were NT$0.56.
Cheng Loong General Manager Chang Ching-Piao previously stated at an investor conference that since entering the Vietnamese market in 2005, Cheng Loong has continuously expanded local investments, establishing an integrated industrial paper and paper container production system. It currently has one paper mill and five paper container factories. 1150512
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download Central News Agency's "First-hand News" APP to grasp the latest news instantly.
The text, pictures, and audio/video on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.