Step-down arm's board approves incorporation of a wholly owned subsidiary in China
The Board of Shree Global FZE, UAE — a wholly owned subsidiary — has approved incorporating a wholly owned subsidiary in China: Shree International Trading (Shanghai) Limited (under incorporation).
By ScoutQuest · · 2 min read
- Authorised capital
- RMB 5,000,000
- Indirect holding
- 100%
- Regulatory approval
- No regulatory approval required
Approved, not yet incorporated.
The Board of Directors of Shree Global FZE, UAE, the wholly owned subsidiary of the listed company, at its meeting held on 14th October 2026, has approved the incorporation of a new wholly owned subsidiary in the People's Republic of China. The listed company has received this intimation from Shree Global FZE.
Where the new company sits
- Name of the proposed company: Shree International Trading (Shanghai) Limited (under incorporation)
- Country of incorporation: China
- Status: to be incorporated; the date of incorporation is not applicable at this stage
- It will be incorporated as a wholly owned subsidiary of Shree Global FZE
- The listed company, as holding company of Shree Global FZE, will indirectly hold 100% of the equity share capital of the proposed company
What this new company is meant to do
It belongs to the import, export and trading of goods industry. Its broad objective is engaging in the business of import, export and trading in relation to machinery, equipment, industrial products, environmental protection equipment, and other allied products and services.
Money involved
- The proposed company will be incorporated with an authorised capital of RMB 5,000,000.
- Consideration is 100% subscription to the initial paid-up share capital, in cash — it is not a share swap.
- No governmental or regulatory approval is required for the incorporation.
How a retail investor can read this
This is an intimation that a step-down overseas entity is being set up in China for import, export and trading activity. Action so far is the approval of incorporation by the board of the step-down holding company; the company is still described as under incorporation. The disclosure is about the structure of the new entity, its proposed line of business and the subscription amount, rather than about any operation already started.
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More numbers
- Authorised capital of the proposed companyRMB 5,000,000
- Subscription to initial paid-up share capital (cash)100 %
- Indirect equity shareholding of the listed entity in the proposed company100%
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