TISCO Transfers U.S. Subsidiary
TISCO said on April 23 that in order to reduce overseas management costs, avoid overseas management risks, and improve management efficiency and control capabilities, it will publicly list and transfer 100% of the equity of Taigang International Trade (US) Co., Ltd., a wholly-owned subsidiary.
The sales volume of Taigang International Trade (USA) Co., Ltd. in 2021 is 8551.6 tons, the operating income is 22.1958 million US dollars, and the net profit is 353,600 US dollars; the sales volume from January to March 2022 is 2079.2 tons, the operating income is 6.35 million US dollars, and the net profit is 353,600 US dollars. $177,700; audited net assets of $3,945,600 at the end of 2021 and unaudited net assets of $4,208,200 at the end of March 2022.
