Meiko Electronics Co., Ltd. (JP:6787) has released an update.
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Meiko Electronics Co., Ltd. has announced the increase of capital in its subsidiary MEIKO ELECTRONICS HOA BINH CO., LTD. (MKHC), with a $15 million investment aimed at expanding production capacity due to rising demand for printed circuit boards in the ASEAN region. Subsequently, MKHC has been designated a specified subsidiary after exceeding 10% of the parent company’s capital. The financial impact of this expansion on Meiko Electronics’ consolidated results is anticipated to be minimal.
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