Subsidiary17 Jul 2026, 05:40 pm
Workmates Core2Cloud to Incorporate US Subsidiary
AI Summary
Workmates Core2Cloud Solution Ltd announced that its Board of Directors, in a meeting held on July 17, 2026, approved the outbound investment and incorporation of a wholly-owned subsidiary in Delaware, United States. This new entity will focus on cloud migration, modernization, operations, optimization, cybersecurity, managed services, and data/AI solutions, aiming for overseas growth and expansion. The subsidiary will be a related party, with 100% shareholding acquired via cash consideration at face value for the initial share capital. The Board also approved the Board's Report for FY 2025-26.
Key Highlights
- Board approves incorporation of a wholly-owned subsidiary in Delaware, USA.
- Subsidiary to focus on cloud services, cybersecurity, and AI solutions.
- Objective is overseas business growth and expansion.
- 100% shareholding to be acquired via cash consideration.
- Board's Report for FY 2025-26 also approved.
Price Impact
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