Cheng Shin Tire to Inject $20M in Cash into Indonesian Subsidiary to Bolster Working Capital

Key facts

  • Cheng Shin Tire to Inject $20M in Cash into Indonesian Subsidiary to Bolster Working Capital
  • Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary. This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.
  • Source: PR Times
  • Date: May 13, 2026

Direct answer

Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary. This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.

Citation
Cheng Shin Tire to Inject $20M in Cash into Indonesian Subsidiary to Bolster Working Capital (May 13, 2026), PR Times
Source
PR Times
Date
May 13, 2026
Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary. This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.
資金調達NQ 0/100出典：PR Times

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  • 📰 Published: May 13, 2026 at 20:48
  • 🔍 Collected: May 13, 2026 at 21:02 (13 min after Published)
  • 🤖 AI Analyzed: May 13, 2026 at 21:24 (22 min after Collected)
(CNA Taipei, 13th) Tire manufacturer Cheng Shin announced today that its board of directors has approved a cash capital increase for its subsidiary, PT. Maxxis International Indonesia. The increase amounts to $20 million, with Cheng Shin contributing $19,999,250, approximately NT$628 million, for the purpose of bolstering working capital.

Cheng Shin stated that to date, the cumulative investment in this security (including the current transaction) amounts to $220 million, approximately NT$6.117 billion, with a shareholding ratio of 99.99625%.

Cheng Shin also announced its first-quarter financial results, with quarterly revenue of NT$23.428 billion, net profit attributable to owners of the parent company of NT$1.861 billion, and basic earnings per share of NT$0.57. 1150513

FAQ

What are the key facts in this article?

Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary. This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.

What is the direct answer?

Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary. This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.

What is the source and date?

PR Times: https://www.cna.com.tw/news/afe/202605133006.aspx | May 13, 2026

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