STGT Establishes New Subsidiary in US to Support Glove Distribution

Sri Trang Gloves (Thailand) Public Company Limited (SET: STGT) stated late Monday that the Company has established a new wholly-owned subsidiary in the United States of America for supporting the business expansion of the Company.

Sri Trang Responsible Gloves Supply, Inc., or STRG, is the name of the new subsidiary company, which has an authorized capital of USD 1,000,000 and a paid-up capital of USD 500,000, divided into 5,000 ordinary shares with a par value of USD 1 each.

The purpose of establishment is distribution of gloves.