- Zhejiang Founder Motor capital increase targets Vietnam operations.
- Vietnam subsidiary registered capital will reach USD 6.8 million.
Zhejiang Founder Motor Expands Capital in Vietnam Subsidiary
Zhejiang Founder Motor capital increase plans involve a USD 3 million investment by its wholly-owned subsidiary, Shenzhen Gold Corolla Electronics Co Ltd, into its own wholly-owned subsidiary, Vietnam Gold Corolla Electronics Co Ltd. Zhejiang Founder Motor Co Ltd announced that the proposed capital injection will raise the Vietnamese subsidiary’s registered capital from USD 3.8 million to USD 6.8 million following completion. The transaction represents an expansion of the subsidiary’s capital base and strengthens its financial position within Founder Motor’s corporate structure.
Frequently Asked Questions
What is Zhejiang Founder Motor planning for its Vietnam subsidiary?
Zhejiang Founder Motor plans to increase the capital of its Vietnamese subsidiary through a USD 3 million investment by Shenzhen Gold Corolla Electronics. The investment will be made into Vietnam Gold Corolla Electronics, which is wholly owned by Shenzhen Gold Corolla Electronics. Following completion of the capital increase, the Vietnamese subsidiary’s registered capital is expected to rise from USD 3.8 million to USD 6.8 million. The announcement indicates that the transaction is intended to strengthen the subsidiary’s capital base while expanding the financial commitment within Founder Motor’s existing corporate structure.
Click above to visit the official source.
Discussion
Join the conversation.