Betec Technology boosts subsidiary capital for overseas expansion

Shanghai Beite Technology (Betec Technology) announced a plan to invest RMB 15,000 million of its own funds into its wholly-owned subsidiary, Betec Singapore Investment Pte. Ltd. This capital increase, approved by the company's Fifth Board of Directors at its Twenty-Third Meeting, aims to bolster the capital strength and operational capacity of its subsidiaries, supporting daily operations and business expansion.

The majority of this investment, 99%, will be channeled through Betec Singapore Technology Pte. Ltd. to Betec Technology (Thailand) Co., Ltd., with the remaining 1% directly invested by Betec Singapore Investment Pte. Ltd. into Betec Technology (Thailand) Co., Ltd. Post-investment, Betec Singapore Investment's registered capital is projected to rise to SGD 27.045 million, Betec Singapore Technology's to SGD 26.7746 million, and Betec Technology (Thailand)'s to THB 672.54 million.

The company acknowledges potential risks associated with operating in foreign countries, including differences in legal frameworks, policy systems, and commercial environments. To mitigate these, Betec Technology will strengthen oversight of its subsidiaries, improve management systems, and enhance risk control measures to ensure compliant operations abroad.