Suzhou Gude (002079.SZ) plans to establish a subsidiary in Singapore to expand overseas markets.

News from the Zhitong Finance APP, Suzhou Gudeng (002079.SZ) announced that the company will use its own funds of 80 million yuan to increase the capital of its wholly-owned subsidiary Gudeng Electronic Technology (Suzhou) Co., Ltd. (referred to as "Gudeng Technology"). After the current round of capital increase is completed, Gudeng Technology will use its own funds to invest 11.5 million US dollars (equivalent to about 80 million yuan) to establish a overseas wholly-owned subsidiary of Suzhou Gudeng in Singapore named "GOODARK SINGAPORE PTE. LTD.".