【Fu Sheng Applied】Announcement of Board of Directors' Resolution to Capital Reduction to Offset Losses for Subsidiaries Gainsmart Group Ltd. and FS North America, Inc.
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Fu Sheng Applied (FSG) announced that its board of directors resolved to carry out capital reductions for its subsidiaries Gainsmart Group Ltd. and FS North America, Inc. to offset accumulated losses. This action is primarily due to the liquidation of FS-Precision Tech. Co., LLC (PT), a grandchild company that was the main operating entity, after its land and plant lease expired.