Investment7 May 2026, 07:51 pm
CyberTech Invests $4.34M in US Subsidiary
AI Summary
CyberTech Systems and Software Ltd has invested US$ 4,344,900 in its wholly-owned subsidiary, CyberTech Systems & Software Inc., USA (CSSI) through cash remittance via bank transfer. The investment, categorized as capital contribution, was completed on May 6, 2026. CSSI, incorporated in Delaware, USA, on June 12, 2003, had a turnover of USD 22.40 million for the period April 2024 – March 2025. The investment is a related party transaction conducted on an arm’s length basis.
Key Highlights
- CyberTech invests US$ 4.34 million in its US-based wholly-owned subsidiary, CSSI.
- The investment was made through cash remittance as a capital contribution.
- CSSI's turnover for April 2024 – March 2025 was USD 22.40 million.
- The investment is a related party transaction on an arm’s length basis.
- CyberTech will continue to hold 100% shareholding in CSSI.