The increase in capital is not expected to have any material impact on the company for the financial year ended Dec 31, 2020.
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Mansfield (Thailand), a subsidiary of Mansfield Manufacturing Company Limited, which is, in turn, a subsidiary of InnoTek Limited, has increased the capital from 70 million baht ($3.1 million) to 110 million baht on Jan 11.
The increment was made in the form of conversion of part of the outstanding loans from its parent company to Mansfield Thailand.
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