【Cheng Loong】Announcement of Board Resolution for Cash Capital Increase by Subsidiary Cheng Loong Southeast Asia Holding Co., Ltd.
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Cheng Loong announced that its subsidiary, Cheng Loong Southeast Asia Holding Co., Ltd.,'s board of directors has resolved to conduct a cash capital increase of USD 50 million, aimed at injecting capital into its Vietnamese subsidiary to expand operations. This move indicates the company's ongoing investment and strategic positioning in the Southeast Asian market.