Subsidiary30 Oct 2026, 05:31 pm
Skipper Ltd Incorporates Wholly Owned Subsidiary in USA
AI Summary
Skipper Ltd has announced the incorporation of its wholly owned subsidiary, SKIPPER GRIDTECH Inc., in Texas, USA. The new entity has a share capital of up to USD 50,000. This incorporation is a related party transaction as SKIPPER GRIDTECH Inc. is a wholly owned subsidiary of Skipper Limited. The subsidiary is formed for general lawful business purposes under the Texas Business Organization Code. The company has invested funds by subscribing to the shares of the newly incorporated overseas company, acquiring a 100% stake for up to USD 50,000. The incorporation was completed with approvals from the Office of the Secretary of State of Texas.
Key Highlights
- Skipper Ltd establishes a wholly owned subsidiary in Texas, USA.
- New entity named SKIPPER GRIDTECH Inc. with initial investment up to USD 50,000.
- Acquisition represents a 100% stake in the newly formed subsidiary.
- The subsidiary is a related party transaction for Skipper Ltd.
Price Impact
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