Synnex Technology to add investment of up to US$23 million in China

IT distributor Synnex Technology on July 4 announced it will make additional investment of up to US$23 million in Synnex Investment (China), its subsidiary in China, through its BVI-based subsidiary Synnex Global.

Synnex Investment (China) currently has a paid-in capital of US$30 million. The additional investment is to support ongoing expansion, Synnex Technology indicated. The expansion includes deployment of marketing networks in small cities and expansion of logistics centers in the largest cities, the company noted.

Not including the additional investment, Synnex Technology has cumulatively invested US$81.56 million in China, the company indicated.

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