On July 19, Suzhou Good-Ark announced that it will increase capital by RMB 80 million in its wholly-owned subsidiary, Good-Ark Electronics Technology (Suzhou) Co., Ltd. (“Good-Ark Technology”), using its own funds. Following this capital injection, Good-Ark Technology will invest USD 11.15 million (approximately RMB 80 million) to establish a wholly-owned overseas subsidiary in Singapore, tentatively named “GOOD-ARK SINGAPORE PTE. LTD.”
Good-Ark Electronics Technology (Suzhou) Co., Ltd. operates in businesses including:
- Sales of solar thermal power generation equipment
- Sales of solar thermal power products
The newly established Singapore subsidiary will engage in:
- Design, procurement, sales, assembly, and testing of integrated circuit chips, along with related auxiliary activities
- R&D, production, and sales of solar cell pastes and other electronic materials
This move aims to strengthen Suzhou Good-Ark’s global business expansion and technological innovation capabilities.
