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16 May 2025
Kingsmen Creatives Ltd. Strengthens Vietnam Presence: Strategic Investment Injects Capital for Business Expansion
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.