The Board of Directors (BOD) of TVS has just approved a resolution on contributing capital to establish a new joint stock company. This decision aims to expand business operations and enhance TVS’s competitiveness in the market. The new joint stock company is expected to focus on a specific sector, with hopes of achieving high efficiency in investment activities and product development. The BOD has appointed members responsible for implementing this plan and requires related departments to collaborate closely to ensure the project’s progress and effectiveness. The resolution reflects TVS’s commitment to increasing capital and developing a long-term strategy.
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