Friday, September 03, 2021 5:05:58 PM
Low float, could make a major move on this news to open up a new market in Phillipines!
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 to maintain a strong foothold in the region.
CLPS appointed Mr. Srustijeet Mishra, head of CLPS Southeast Asia region, as the director and president of CLPS Philippines. "The establishment of the Philippine subsidiary is another solid evidence of the successful implementation of our global expansion strategy. In addition, it will provide a more efficient service delivery to our international clients' businesses in the country. Our competitive advantage as a provider of industry-leading IT consulting and solution services in Asia Pacific region positions us to better serve our clients in banking and other financial institutions," Mr. Mishra said. "As we look ahead, we will institute plans to drive our overseas presence, such as exploring business potentials in other parts of Southeast Asia to further push our overseas revenue in an upward trend," he ended.
Have an inspiring year! The new Roaring 20s! Enjoy the ride...
Recent CLPS News
- CLPS Incorporation Announces Promotion of Chief Operating Officer Mr. Henry Li Li to President • PR Newswire (US) • 07/02/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/14/2024 09:00:02 PM
- CLPS Incorporation Receives Nasdaq Notification Regarding Minimum Bid Price Requirements • PR Newswire (US) • 06/14/2024 12:30:00 PM
- CLPS Incorporation Successfully Acquires Shell Infotech, Accelerating Global Expansion Strategy • PR Newswire (US) • 06/13/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 08:05:15 PM
- CLPS Incorporation Celebrates IBM's 60 Years of Mainframe Leadership and Reiterates Commitment to Talent Development • PR Newswire (US) • 05/17/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 02:00:02 PM
- CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2024 • PR Newswire (US) • 03/05/2024 01:30:00 PM
- CLPS Incorporation to Announce First Half of Fiscal 2024 Financial Results • PR Newswire (US) • 02/28/2024 01:30:00 PM
- CLPS Incorporation Acquires College of Allied Educators in Singapore, Bolstering TCP and TDP Strategy • PR Newswire (US) • 01/09/2024 01:30:00 PM
- CLPS Incorporation Expands Overseas Credit Card Business with the Acquisition of Purple Potato Finance • PR Newswire (US) • 12/14/2023 01:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/28/2023 01:23:39 AM
- CLPS Incorporation Declares Second Special Cash Dividend of $0.10 Per Share • PR Newswire (US) • 11/22/2023 01:30:00 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 11/15/2023 01:30:29 PM
- CLPS Incorporation Reports Financial Results for the Second Half and Full Year of Fiscal 2023 • PR Newswire (US) • 10/18/2023 12:59:00 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/18/2023 12:34:04 PM
- CLPS Incorporation to Announce Second Half and Full Year of Fiscal 2023 Financial Results • PR Newswire (US) • 10/11/2023 12:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 09/22/2023 12:32:54 PM
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- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 08/17/2023 12:41:04 PM
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