Ching Cheng Technology Board Resolves to Increase Capital in 100%-Owned Subsidiary GBM Electronics (M) Sdn. Bhd.
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Ching Cheng Technology's board has resolved to inject MYR 70 million (approximately NTD 564.144 million) into its wholly-owned subsidiary, GBM Electronics (M) Sdn. Bhd. The capital increase is for long-term investment, with funding to be secured through bank loans due to current negative working capital.