Bacui Technologies International (SGX:YYB) has undertaken an internal restructuring to streamline its corporate structure and cut administrative costs, according to a Wednesday filing on the Singapore Exchange.
The restructuring involved transferring full ownership of its Hong Kong-based subsidiary, Bacui Management Investment, from Bacui Elitist Technology, a British Virgin Islands-incorporated unit, to the parent company for $1.
Bacui Elitist Technology will be wound up following the transfer.
The company said the move aims to eliminate costs related to maintaining the unit, including annual renewal fees and regulatory filings.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。