Mingwang Co. Establishes Vietnam Subsidiary with $8 Million Investment

Mingwang Co. announced today the establishment of a wholly-owned subsidiary in Vietnam with a total investment of $8 million USD, intended for the adjustment of its overall operational strategy.

Mingwang Co. also simultaneously announced its first-quarter financial report, with quarterly revenue of NT$238 million, net profit attributable to parent company owners of NT$150 million, and basic earnings per share of NT$2.97.

Mingwang Co.'s main business operations include the manufacturing, processing, and sales of knitted garments, woven garments, and various other apparel, as well as the import and export trade of related products. According to information on Mingwang Co.'s official website, in terms of international layout, it currently has four major overseas production bases in Vietnam, China, Laos, and Myanmar, exporting globally. Through cross-regional factory collaboration, it forms a flexible international supply chain.