Ifishdeco (IFSH) will enliven the electric vehicle industry. This is in line with the establishment of a subsidiary labeled IFISH Battery Minerals Pte Ltd (IBM). IBM is located in Singapore.
In the new subsidiary, the company owns 100 percent shares. Directly. No intermediaries. "The establishment and investment in IBM shares was carried out on Friday, 30 June 2023," wrote Muhammad Ishaq, Director of Ifishdeco.
The establishment of IBM was stated in the IMB business profile number 202325508W dated June 30 2023. The company placed 10 thousand shares, aka 100 percent. IBM is engaged in another holding company. "The company's share investment in IBM is one of the strategic steps in the business expansion plan," added Muhammad Ishaq.
The establishment of the new business does not have a negative impact on the company's operational activities. "To be precise, it does not harm the company either in terms of operational activities, financial condition, or the continuity of the company's business as a public company," he said.
Image source: IFSH
