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Indo Count Industries has announced a board meeting to discuss the financial results for the quarter and half-year. The company has incorporated a wholly owned step-down subsidiary, Indo Count (Shanghai) Commercial Co. Ltd., with registered capital of USD 20,000. This new entity, established in Shanghai, China, will focus on material sourcing services within the textile business and is yet to start operations. The move aims to strengthen the company's global sourcing capabilities through its existing US subsidiary.