Delta Electronics' Thai Subsidiary Acquires Machinery, Investing US$15.5 Million
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Delta Electronics announced today that its Thai subsidiary, Delta Electronics (Thailand) Public Company Limited (DET), has purchased machinery and equipment from Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG) for approximately US$15.5 million. This related-party transaction is for operational use. Additionally, DET plans to inject US$66 million into its subsidiary Delta Energy Systems (Singapore) PTE.LTD. (DESS) for factory construction, with DESS further investing in its subsidiary DIN, initially with US$30 million.