Indo Count Industries Limited has informed the Exchange about Incorporation of Step-Down Subsidiary Company in China
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Indo Count Industries has incorporated a new step-down subsidiary, Indo Count (Shanghai) Commercial Co. Ltd., in Shanghai, China, through its wholly owned US subsidiary Indo Count Global, Inc. The new entity was incorporated on 6th June 2025 with a registered capital of USD 20,000 and is yet to start operations. The subsidiary will operate in the textile business with a focus on material sourcing services, supporting Indo Count's core operations. The transaction is a related party deal, with the company contributing to initial share capital at face value for 100% ownership.
This move strengthens Indo Count's sourcing capabilities in China, a key hub for textile raw materials, which could improve supply chain efficiency and cost management. The small capital outlay (USD 20,000) makes this a low-risk strategic expansion, likely to be viewed positively by investors as it aligns with the company's core textile business.