Kiri Industries Limited — Updates, 08-08-2025: Incorporation

Kiri Industries Limited has incorporated Shanghai Claronex Technology Co Ltd in China as a step-down wholly-owned subsidiary. Established by its subsidiary Claronex Holdings Pte. Ltd., the new entity has a registered capital and acquisition cost of 5 million USD. Shanghai Claronex Technology will engage in technical, engineering management, and consultancy services, along with trading and allied activities. This strategic incorporation aims to explore future business opportunities and expand the company's global operational footprint, signifying a move towards growth and new market access.