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Powermatic Data Systems Ltd. ( (SG:BCY) ) has provided an announcement.
Powermatic Data Systems Ltd. has established a wholly owned subsidiary called Compex USA Inc. in the United States, with an authorized share capital of US$100,000. This strategic move aims to enhance the Group’s business interests in the U.S. market. The subsidiary’s capitalization will be sourced from internal financial resources, and it is not expected to materially impact the Group’s net tangible assets or earnings per share for the fiscal year ending March 2025.
More about Powermatic Data Systems Ltd.
Powermatic Data Systems Ltd. is incorporated in Singapore and operates in the technology industry, focusing on data systems. The company is engaged in expanding its market reach, particularly in international markets like the United States.
YTD Price Performance: 2.91%
Average Trading Volume: 11,855
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$98.92M
Learn more about BCY stock on TipRanks’ Stock Analysis page.