Shenzhen MTC Plans to Establish Singapore Subsidiary

MT Newswires Live12-10

Shenzhen MTC (SHE:002429) intends to establish a subsidiary in Singapore to "fully adapt to changes in the international environment."

MTC Technology Singapore will have a registered capital of $1 million, according to a Tuesday filing with the Shenzhen Stock Exchange.

Shares of the video and audio consumer electronics manufacturer rose 1% in recent trade.

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