Pearl Global Industries Incorporates Vietnam Subsidiary

Pearl Global Industries Limited (PGIL) has announced the incorporation of a new subsidiary, Great Pearl Vietnam Global Limited, in Vietnam. This entity is a step-down subsidiary of PGIL, incorporated through its existing Vietnam-based subsidiary, Vin Pearl Global Vietnam Limited. The new subsidiary, operating in the apparels sector, will focus on manufacturing garments and providing garment processing services. The initial investment in Great Pearl Vietnam Global Limited amounts to USD 1.2 Million, with Vin Pearl Global Vietnam Limited holding 100% of its paid-up share capital. This move signifies an expansion of PGIL's international operations and manufacturing capabilities.