Subsidiary4 Nov 2026, 01:39 pm
Century Plyboards to set up subsidiaries in Singapore & Hong Kong
AI Summary
Century Plyboards (India) Ltd announced plans to incorporate a wholly-owned subsidiary in Singapore, named CP Singapore Pte Limited or similar, for marketing and distribution of its laminates and related products overseas. Additionally, its wholly-owned subsidiary, Centuryply Furniture Fittings Ltd., will establish a step-down wholly-owned subsidiary in Hong Kong, named HKFF Limited or similar, for trading furniture fittings and hardware. Both entities will be funded through cash subscriptions to their initial paid-up share capital, with Century Plyboards (India) Ltd indirectly holding 100% control.
Key Highlights
- Century Plyboards to establish a wholly-owned subsidiary in Singapore.
- A step-down subsidiary will be incorporated in Hong Kong.
- These subsidiaries will focus on marketing, distribution, and trading.
- The move aims to expand international market presence.
- Both entities will be wholly-owned by the parent company or its subsidiary.
Price Impact
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