CLPS Incorporation Announces Establishment of Philippine Subsidiary to Expand in the Southeast Asia Market
CLPS Incorporation (CLPS)
Company Research
Source: PR Newswire
HONG KONG, Sep. 3, 2021 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it established CLPS Technology (Philippines) Corp. ("CLPS Philippines") in Metro Manila. The formation of the Philippine subsidiary is in line with the Company's global expansion strategy, particularly to extend its operation in Southeast Asia. CLPS Philippines has completed the initial phase of its business and started to be operational.In recent years, CLPS has been proactively advancing its presence in Southeast Asia due to the continuous demand for financial IT services in the region. One such move is the completion of Ridik acquisition that led to designating Singapore as Southeast Asia headquarters of CLPS. Therefore, the Company established CLPS Philippines to support its clients' respective international business, and eventually a means to penetrate the domestic financial IT services market in the country. As a result of this strategy, it will enable CLPS t
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CLPS
Sec Filings
- 4/8/24 - Form 20-F/A
- 3/5/24 - Form 6-K
- CLPS's page on the SEC website