Paiho Group Resolves to Change Investment Entity for Paiho Indonesia
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Paiho Group announced a change in the investment entity for its Indonesian subsidiary, Paiho Indonesia, from Paiho Vietnam to Paiho Hong Kong, due to Vietnamese regulations. The total investment in Paiho Indonesia will increase to US$20 million, and a capital increase of US$120 million for Paiho Vietnam has also been decided.