Shenzhen MTC (002429.SZ) announced that in order to fully adapt to changes in the international environment, based on the company's global strategy foresight planning...
According to the Zhitong Finance APP, Shenzhen MTC (002429.SZ) announced that to fully adapt to changes in the international environment and considering the company's global strategy foresight planning and business development, the company intends to establish an overseas subsidiary, MTC Technology (Singapore) Co., Ltd. (tentative name, subject to the final registration approved by the relevant local departments, referred to as "Singapore MTC"), through its wholly-owned subsidiary Hong Kong MTC Limited (referred to as "Hong Kong MTC"), in Singapore, with a registered capital of 1 million USD or other equivalent currency. After the establishment of Singapore MTC, it will become a wholly-owned subsidiary of Hong Kong MTC and will be included in the company's consolidated financial statements.