Shengyi Tech increases investment in Thailand production base

Shengyi Technology (SSE:600183) announced a capital increase for its Thai subsidiary, Shengyi Technology (Thailand) Co., Ltd., raising the registered capital from THB 326.6 million to THB 615.075 million. This move follows the initial announcement in July 2023 regarding the construction of a new production base in Thailand focused on manufacturing copper-clad laminates and bonding sheets. The investment will support the construction and operation of the facility. Additionally, the Thai subsidiary has received investment promotion incentives from the Thailand Board of Investment (BOI), including exemptions from import duties and corporate income tax, subject to compliance with BOI regulations.