On March 6, 2024, Dongxin Peace issued the "Announcement on the Establishment of Subsidiaries with Foreign Investment", stating that the company intends to invest and establish a subsidiary in Indonesia with its own funds and a Singapore company of 1 million US dollars, and the fifth meeting of the eighth board of directors of Dongxin Peace (Indonesia) ** Company deliberated and passed the "Proposal on the Establishment of Dongxin Peace (Indonesia)**". The registered capital of the Indonesian company is approximately IDR 15.5 billion (USD 1 million in total). The company holds 99% of the equity of the Indonesian company, and the Singapore company holds 1% of the equity of the Indonesian company. The business scope of the Indonesian company is smart card and related system integration, software and technical services. The purpose of the establishment of the Indonesian company is to improve the localization service capability in Indonesia, increase the competitiveness of the local market in Indonesia, and further expand the smart card and digital identity security business in the Indonesian market based on the good expectation of business growth in the Indonesian market.
Dongxin Peace Technology Co., Ltd. was listed on the main board of the Shenzhen Stock Exchange on July 13, 2004, and its main business is smart cards in the three major application fields of communications, banking and social security. In the national economic industry, it belongs to the manufacturing category, and the computer, communication and other electronic equipment manufacturing subcategory; In terms of Shenwan industry classification, it belongs to the major category of communication and the subcategory of communication equipment. As of October 25, 2023, the actual controller of the company is China Electronics Technology Group***
As of 2024-03-05**, the company's share price is 945 yuan shares, with a circulating market value of 547.1 billion yuan.
Announcement**: Disclaimer: This article is written by the robot, jointly incubated by Pencil Road and Hanxin Society, and the main data is provided by Hanguang Suwen. The content and data in this article are for reference only and do not constitute investment advice.