echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > Suzhou Goodtech plans to increase its capital by US$2 million in AICS, a subsidiary company in Malaysia

    Suzhou Goodtech plans to increase its capital by US$2 million in AICS, a subsidiary company in Malaysia

    • Last Update: 2022-05-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Chemical Machinery Equipment Net Star Enterprise Chemical Machinery Equipment
     
      According to the announcement, the main purpose of the capital injected by Suzhou Gutechnetium in this capital increase is to purchase raw materials, equipment and supplement working capital and other daily operations
    .
    After the completion of this capital increase, Goodtech Electronic Technology will still be a wholly-owned subsidiary of the company, and AICS will still be a wholly-owned subsidiary of Goodtech Electronic Technology

    .

     

      It is understood that AICS was established in 1995, and its applications include design, procurement, sales, assembly and testing of integrated circuit chips and other auxiliary activities
    .
    In 2018, Suzhou Goodtech realized 100% holding of AICS

    .
    , Although Suzhou Goodtech has completed several capital increases in AICS after the acquisition, AICS will still be at a loss in 2021 when the integrated circuit industry continues to maintain a high level of prosperity

    .

     

      Suzhou Gutechnetium stated that the purpose of this capital increase is to meet the continued investment in AICS projects under construction and the capital needs for daily operations, mainly for the purchase of raw materials, equipment and the supplement of necessary working capital to ensure the daily operation and sustainable development of AICS , improve its overall profitability
    .

     

      It is worth noting that AICS temporarily has risks such as logistics, raw material supply, and personnel shortage in daily operations
    .
    The company will continue to promote the improvement of AICS' operating model and risk control mechanism, and improve AICS's management level and profitability by adjusting its business strategy, dispatching management teams, and providing financial support

    .

     

      According to the data, Suzhou Solid Technetium's business is mainly concentrated in the field of semiconductors and photovoltaics
    .
    A few days ago, the company released the results announcement for the first quarter of 2022.
    During the reporting period, the net profit attributable to shareholders of the listed company was 58.
    013 million yuan – 70.
    0712 million yuan, an increase of 15.
    09%-39.
    01% over the same period of the previous year; basic earnings per share was 0.
    0718 yuan per share – 0.
    0867 yuan/share

    .

     

      Original title: Suzhou Goodtech intends to increase capital by US$2 million in AICS, a subsidiary company in Malaysia
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.