Standard Engineering completes Phase I investment in Japan's GL HAKKO

Standard Engineering Technology Ltd has successfully completed Phase I of its strategic investment in GL HAKKO Co., Ltd., Japan. The company remitted the subscription consideration and executed the necessary agreements, acquiring a 19.19% stake. Phase II, involving an additional stake of up to 31.88%, is planned within three years, subject to regulatory approvals. Upon completion of both phases, Standard Engineering's aggregate shareholding is expected to reach up to 51.07%. This move signifies a significant international expansion for Standard Engineering.