Subsidiary17 Jul 2026, 05:33 pm
Workmates Core2Cloud to Incorporate US Subsidiary
AI Summary
Workmates Core2Cloud Solution Ltd announced that its Board of Directors has 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, funded by 100% cash consideration through subscription to its share capital at face value. The Board also approved the Board's Report for FY 2025-26. The meeting took place on July 17, 2026.
Key Highlights
- Board approved establishing a wholly-owned subsidiary in Delaware, USA.
- The subsidiary will focus on cloud services and AI solutions.
- This move aims for overseas business growth and expansion.
- The subsidiary will be a related party, funded by cash.
- Board's Report for FY 2025-26 was also approved.
Price Impact
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