Inpex Corp. has announced that its board of directors has voted to establish a wholly-owned finance subsidiary in Singapore.
The company hopes that the subsidiary will create a more efficient and centralised system to manage the Inpex Group’s intercompany finance operations. The move is also intended to strengthen the framework to support the financial administration of the Group’s projects in Asia and Oceania.
The subsidiary is expected to be established in December 2016.
Inpex said that it expects the establishment of the finance subsidiary to have a minimal impact on its consolidated financial results.
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