CSC Holdings Limited announced that its subsidiary, THL Foundation Equipment Pte Ltd. has incorporated a wholly owned subsidiary in Vietnam under the name of THL Vietnam Company Limited. The principal activities of THL Vietnam are trading and rental of heavy equipment, machinery, spare parts and consumable items and provision of repair and other related services. The initial paid up share capital of THL Vietnam will be VND 2.3 billion (Approximately SGD 0.133 million). The incorporation of THL Vietnam is funded through internal resources and is not expected to have a material effect on the consolidated earnings per share or net tangible assets per share of the Group for the financial year ending 31 March 2022.