SIS INT'L (00529) subsidiary plans to invest US$800,000 in New Dragon Vietnam to expand overseas distribution business of IT products.
SIS INT'L (00529) announced that its principal subsidiary, SiS Distribution (Thailand) Public Company Limited (New Dragon Thailand, listed on the Stock Exchange of Thailand under ticker: SIS), as the investor, announced that its board of directors has approved in principle an investment by way of subscribing for additional newly issued equity interests in SiS Technologies Vietnam Limited Liability Company (New Dragon Vietnam), for a total consideration of US$800,000 (equivalent to approximately HK$6.24 million) (the Investment).
SIS INT'L (00529) announces that its principal subsidiary, SiS Distribution (Thailand) Public Company Limited (New Dragon Thailand, listed on the Stock Exchange of Thailand under the ticker: SIS), as the investor, has announced that its board of directors has approved in principle an investment by way of subscribing for additional newly issued equity interests in SiS Technologies Vietnam Limited Liability Company (New Dragon Vietnam), for a total consideration of US$800,000 (equivalent to approximately HK$6.24 million) (the Investment).
New Dragon Vietnam was established in Vietnam on July 31, 2026, with registered capital of VND5.2 billion. The company has not yet commenced business and will in the future engage in the distribution of IT products and the provision of related services.
It is expected that upon completion of the subscription and the relevant registration procedures in Vietnam on December 30, 2026, New Dragon Thailand will hold an 80% equity interest in New Dragon Vietnam. The investment in New Dragon Vietnam is an important initiative to implement the Group's strategy, aimed at expanding its customer base, increasing opportunities in IT services and distribution businesses in overseas markets, and strengthening business growth at the international level.
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