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Donghua Technology: Plans to Invest 5 Million Baht to Establish a Wholly-Owned Subsidiary in Bangkok, Thailand
Donghua Technology announced plans to invest 5 million Thai Baht (approximately 1.0877 million RMB) to establish a wholly-owned subsidiary in Bangkok, Thailand, named Donghua Engineering Technology Co., Ltd. Thailand Subsidiary. The main purpose is to execute the Thailand ASEAN Potash Company’s potash fertilizer project and expand engineering business markets in Thailand and surrounding countries. This investment does not require approval from the shareholders’ meeting, does not constitute a major asset restructuring or reorganization, and is not a related-party transaction. It still needs to be filed with government departments such as the Ministry of Commerce.