Walton plans to go global Star Business Report Star Business Report
Walton Hi-Tech Industries Ltd has decided to open branches or liaison offices in six countries, including India, Nepal, the UAE and South Korea as part of its move to expand its footprint and source technology globally.
The board of the company has taken a decision in this regard, according to a posting made by the company on the website of the Dhaka Stock Exchange today.
Share of Walton rose 1.61 per cent to Tk 1,269 at 1.14 pm at the DSE.
The company plans to invest $5 lakh in Walton Corporation United States of America to purchase ordinary shares and preferential shares.
Walton Hi-Tech Industries yesterday made public the good news of its surging profits and plans to strengthen its footprint abroad, leading to a three per cent rise of its stocks.
The listed local electronic giant decided to open either branches or liaison offices in India, Nepal, the United Arab Emirates and South Korea which not only would expand its market and help source technologies. We are already sending our products to these countries but now we want to strengthen our market share there, said Managing Director Golam Murshed.
Special marketing and service teams will work in those offices to attain the upgradation target of becoming one of the top five global electronics giants within 2030, he said.