Delta Electronics: Board of Directors Resolves that Subsidiary DET Plans to Increase Capital in DESS, and DESS Further Increases Capital in DIN
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Delta Electronics' board of directors resolved that its subsidiary, Delta Electronics (Thailand) Public Company Limited (DET), plans to increase capital in Delta Energy Systems (Singapore) PTE. LTD. (DESS) by approximately US$66 million. DESS will then further increase capital in its subsidiary, Delta Electronics India Pvt. Ltd. (DIN), by approximately US$66 million in stages, primarily to support DIN's factory construction funding needs.