Accton Board Approves USD 35 Million Capital Increase for Singapore Subsidiary
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96/100
AI Summary (NQ-processed)
Accton Technology's board has approved a USD 35 million capital increase for its Singapore subsidiary, Accton Technology SG Pte Ltd., as part of a long-term investment strategy. This brings the cumulative investment in the subsidiary to USD 126 million. The company is also expanding its presence in Southeast Asia by leasing a factory in Singapore and securing land and factory leases in Vietnam.
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