Back 16 May 2025

Kingsmen Creatives Ltd. Strengthens Vietnam Presence: Strategic Investment Injects Capital for Business Expansion

Link: https://links.sgx.com/1.0.0/corporate-announcements/TLNAYPLO493FQ23J/d1c0ec12b67b91ffeece71fe0bda5f20a7eafdc605a72f2b28c9a72e1e1ef64b

Summary:

  • Kingsmen Creatives Ltd. has invested an additional VND 19,595,000,000 (approximately SGD 1,000,000) in its wholly-owned subsidiary, Kingsmen Vietnam Company Limited (Kingsmen Vietnam).
  • This additional investment has increased Kingsmen Vietnam's charter capital to VND 47,095,000,000 (approximately SGD 2,403,419).
  • The primary purpose of this investment is to increase the general working capital of Kingsmen Vietnam to support its ongoing business operations.
  • Kingsmen Vietnam's principal activities include the design and production of interiors, exhibitions, decorations, and museums.
  • The investment was funded through Kingsmen Creatives Ltd.'s internal resources and is not expected to have a material impact on the Group's earnings per share and net tangible assets per share for the financial year ending 31 December 2025.