Sri Trang Gloves Establishes New Unit in China
Sri Trang Gloves Establishes New Unit in China
"The establishment of a new subsidiary in the People's Republic of China is not classified as a connected transaction but it is classified as an asset acquisition," Sri Trang Gloves said. "However, this transaction is also classified as an acquisition of investment in other company which causes other company to become a subsidiary of the listed company."This will be for gloves packing and distribution.
这将用于手套包装和分销。
SGX-listed Sri Trang Gloves has announced the formation of Shidong Medical Equipment (Suzhou) Co., Ltd., its business in the People's Republic of China that will focus on gloves packing and distribution.
在新加坡交易所上市的斯里特朗手套宣布成立苏州世东医疗设备有限公司，其业务将专注于手套包装和分销。
In a regulatory filing, Sri Trang said the business is under its wholly-owned subsidiary Shidong Shanghai Medical Equipment Co., Ltd. (SDME). It has a registered capital of $552,486 (RMB3m), whilst its source of funds is cash from operation of SDME.
斯里特朗在一份监管文件中表示，该业务属于其全资子公司世东上海医疗设备有限公司的一部分。它的注册资本为552,486美元（人民币3百万美元），其资金来源是世东上海医疗设备有限公司的运营现金。
"The establishment of a new subsidiary in the People's Republic of China is not classified as a connected transaction but it is classified as an asset acquisition," Sri Trang Gloves said. "However, this transaction is also classified as an acquisition of investment in other company which causes other company to become a subsidiary of the listed company."
“在中华人民共和国新成立子公司不列为关联交易，但被列为资产收购，”斯里恩手套表示。“然而，此交易还被归类为对其他公司投资的收购，从而导致其他公司成为上市公司的子公司。”
S$1 = RMB5.43
S$1 = RMB5.43