FIT Hon Teng Limited (HK:6088) has released an update.
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FIT Hon Teng Limited has announced a significant capital infusion strategy involving the injection of approximately US$197.6 million into its wholly-owned subsidiaries, enhancing the financial strength across its corporate structure. The capital will flow from FIT Hon Teng to FIT Singapore, then to FIT GmbH, and finally to FIT Voltaira Autokabel Gruppe GmbH. This move demonstrates the company’s commitment to bolstering its subsidiaries and expanding its operational capabilities.
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