New Launch26 Mar 2026, 06:41 pm
Elecon Engineering Company Ltd Incorporates Wholly Owned Subsidiary in Mexico: Grupo Radicon SA de CV
AI Summary
Elecon Engineering Company Ltd, a leading engineering firm, has incorporated its wholly owned subsidiary, Grupo Radicon SA de CV, in Mexico. The subsidiary was incorporated on 8th January 2026, as confirmed by the tax identification number issued by the Government's Tax Agency of Mexico on 24th March 2026. The subsidiary will be engaged in sales, marketing, and servicing of industrial engineering products in Mexico and Latin America. The subsidiary has a subscribed capital of MXN 100,000 (Mexican Pesos One Hundred Thousand only) in cash. Elecon Singapore Pte Ltd, a wholly owned subsidiary of the Company, holds 99.999% of the shares, while a nominee shareholder of Elecon Singapore Pte Ltd holds 0.001%.
Key Highlights
- Elecon Engineering Company Ltd incorporates a new step-down subsidiary in Mexico.
- The new subsidiary, Grupo Radicon SA de CV, was incorporated on 8th January 2026.
- The subsidiary will operate in the engineering industry, focusing on sales, marketing, and servicing of industrial engineering products in Mexico and Latin America.
- The subsidiary has a subscribed capital of MXN 100,000 (Mexican Pesos One Hundred Thousand only) in cash.
- Elecon Singapore Pte Ltd, a wholly owned subsidiary of the Company, holds 99.999% of the shares.