Hong Kong, Hong Kong S.A.R., 24th Dec 2022 – HK CHIPPRO SCM GROUP is a well-known company from Hong Kong in the field of electronic components sales. The parent company, HWAN YU WORLD GROUP, was established in Malaysia in 2005 and set up an office in Hong Kong in 2017 along with its main functions. The company mainly deals with well-known brands such as Xilinx, ST, Texas and Onsemi. They have also been awarded several manufacturer sales performance medals in Europe.
The company’s current status is that it currently employs 228 people, has a number of overseas offices and plans to start a Korean office in 2023. They are ready to start trade cooperation with Samsung Electronics and LG Electronics for in-depth cross-border trade and exchange of electronic components.
The current status of storage and supply is that in order to cope with efficient customer demand and increasing orders and to lay out a global industrial supply chain model, the company, with the support of brands such as Xilinx, has successfully bid for a 2,800 square meters electronic component storage and transit park in Malaysia, with a total investment of US$17.6 million, which is expected to source and store over 10,000 components. Construction will begin in January 2023 and will be completed in the second half of 2024.
The status of the financial position is that HK CHIPPRO is actively submitting financial reports to the accounting firm to complete the pre-IPO financial review, which includes an audit of import and export taxes. This financial review is now actively underway.
According to the company’s leaders, they are raising money to get the company to successfully IPO and apply for listing in 2023, and all the partner customer groups will be given a share of the original shares.
This will be a new star in the electronic components sales industry, carrying out in depth a new situation of efficient and online sales of electronic components in the future.
Organization: HONGKONG CHIPPRO SCM GROUP LIMITED
Contact Person: Kelvin Lee
City: Hong Kong
Country: Hong Kong S.A.R.
The post HK CHIPPRO GROUP is deployed in Malaysia and South Korea and is expected to be listed on NASDAQ in 2023 appeared first on King Newswire.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Stocks Select journalist was involved in the writing and production of this article.