Business Update12 Aug 2024, 11:42 pm
Wardwizard Innovations & Mobility Ltd to Invest up to 1,00,000 SGD in Wholly Owned Subsidiary Wardwizard Global PTE. LTD.
AI Summary
Wardwizard Innovations & Mobility Ltd, a company listed on the stock exchange, held a board meeting on 12th August, 2024 and approved an investment of up to 1,00,000 SGD in its wholly owned subsidiary, Wardwizard Global PTE. LTD., through overseas direct investment. The investment will be used for working capital and other general activities of Wardwizard Global PTE. LTD., which is involved in the manufacture of secondary batteries and motor vehicles. The process is expected to be completed in 12 months in one or more tranches.
Key Highlights
- Investment of up to 1,00,000 SGD in Wardwizard Global PTE. LTD.
- Investment to be made through overseas direct investment
- Wardwizard Global PTE. LTD. is involved in the manufacture of secondary batteries and motor vehicles
- The investment will be used for working capital and other general activities of Wardwizard Global PTE. LTD.
- The process is expected to be completed in 12 months in one or more tranches