Tianma Refinement (market, interrogation) September 23 Noon announcement, the company intends to set up a wholly owned subsidiary in Singapore "Tianhe Investment PTE Ltd." ("Tianhe"), registered capital of 500000 Singapore dollars, the company's own capital contribution, accounting for its registered capital of 100 %。 The company's business scope is to invest in international trade, operating investment and related industry projects. Financial profit and demand savings rate 1000% the company said that by setting up a subsidiary in Singapore, it would benefit the company to make better use of its advantages as a global financial centre, make effective use of offshore funds, reduce financing costs, improve the profitability of the company, control the exchange risk, and through the establishment of a subsidiary in Singapore , it is advantageous for the company to purchase raw materials and products export trade in Southeast Asia.
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