Kiri Industries Incorporates Wholly-Owned Subsidiary in Chile

Kiri Industries Ltd has announced the incorporation of its wholly-owned subsidiary, ANDEMINA SpA, in Chile. The subsidiary has an initial capital of Thirty Million Chilean Pesos (CLP 30,000,000) and an initial subscribed and paid-up capital of CLP 100,000. ANDEMINA SpA will be engaged in the exploration, development, extraction, processing, refining, and trading of minerals, ores, metals, and mining products. This move is aimed at exploring future business opportunities in the mining sector in Chile and other jurisdictions. The incorporation is a cash consideration, with Kiri Industries subscribing to the initial capital.