Chang Shing Technology announced that its subsidiary, Chang Shing Technology (Vietnam), has decided to participate in the capital increase of Phu Hung Securities with an amount of 250 billion Vietnamese Dong. Chang Shing stated that this is an internal capital arrangement between the parent company and its foreign subsidiary to strengthen the subsidiary's operating capital. Simultaneously, the board of Chang Shing Technology (Vietnam) approved a cash capital increase of 9.6 million USD, aimed at expanding investment layouts and further investing in Phu Hung Securities. Chang Shing Technology specializes in cold-forged parts and automotive components. Established in 1996 in Ho Chi Minh City, the Vietnam subsidiary is the largest cold/warm forging manufacturer in the country.

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  • Source: CNA (Central News Agency)
  • Category: corporate_announcement