Sino-Thai Engineering and Construction Pcl. (SET: STEC) announced on Tuesday, that the board of directors held on December 9, 2022, had resolved to approve the establishment of a new subsidiary in Sini-Thai Holding Co., Ltd., with a registered capital of 5,000,000 baht. The expected benefit from establishing Sini-Thai Holding is a return on investment as a fixed income for the company in the future.
The objective of such establishment is to invest in other business or other projects deemed appropriate by the management team and align with the companies business regardless of whether the objectives and activities are similar or related with the objectives of the company or not or being a limited partnership.
