TKD Science and Technology Plans to Establish Wholly-Owned Subsidiary in Vietnam and Build Production Base

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TKD Science and Technology announced that the company plans to establish a wholly-owned subsidiary in Vietnam, Vietnam Taike Electronics Co., Ltd., and build a production base, with a total investment of no more than 40 million US dollars, funded by its own capital. The matter has been approved by the board of directors and does not need to be submitted to the shareholders' meeting for review, but still needs to complete relevant approval procedures in China and Vietnam.

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TKD Science and Technology plans a wholly-owned Vietnam subsidiary and production base with up to $40M of its own capital, a company-specific investment/capex event.