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Meiko Electronics extends gains on plan to establish subsidiary in Vietnam amid strong demand
Meiko Electronics <6787> continued its rally. After the close of trading on the 8th, the company announced plans to establish a subsidiary in Vietnam, a move that appears to be driving buying interest.
The subsidiary is scheduled to be established on the 25th of this month. The company cited as the primary rationale that demand from customers building out supply chains in the ASEAN region is expected to exceed the production capacity of its existing facilities and plants currently under construction.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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