[Cheng Loong] Announcement of Board Resolution for Cash Capital Increase by Subsidiary Cheng Loong Binh Duong Paper Co., Ltd.
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Cheng Loong's subsidiary, Cheng Loong Binh Duong Paper Co., Ltd., has resolved a cash capital increase of USD 50 million to bolster operating funds and strengthen its financial structure, with a 100% allocation to existing shareholders. This move is crucial for supporting the subsidiary's business continuity and future growth.