Bichamp Cutting Technology (002843.SZ) has announced that the company aims to adapt to its Global Strategy for breakthrough, product leadership, Global Operation, and organizational driving.
According to an announcement from Zhito Finance APP, Bichamp Cutting Technology (002843.SZ) stated that in order to adapt to its Global Strategy development approach of "strategic breakthroughs, product leadership, Global Operation, and organizational driving", the company plans to further deepen its overseas layout, improve its Global supply chain, and enhance its Global competitiveness. It intends to use its own funds or self-raised funds to increase the capital of its wholly-owned subsidiary Bichamp New Material (Hong Kong) Limited (hereinafter referred to as "Hong Kong Bichamp") and make foreign investments through Hong Kong Bichamp. The specific situation is as follows:
The company will increase the capital of its wholly-owned subsidiary Hong Kong Bichamp by a total not exceeding 0.1 billion RMB. After the capital increase, Hong Kong Bichamp plans to establish a subsidiary in Thailand (the new company's name is to be determined and will be finalized based on the approval information from the Thai company registration authority) to invest in the construction of the Thailand project base and carry out sawing and related businesses. The investment scale will not exceed 0.1 billion RMB, and the actual investment amount will be subject to the approval amount by the relevant authorities. The investment funds are intended for establishing the subsidiary, purchasing land, constructing factories and facilities, purchasing machinery and equipment, company operations, qualification certification, laying down working capital, hiring professional institutions, and other related matters.
