CG Power announces incorporation of step-down subsidiary - Axiro Semiconductor Inc.

CG Power & Industrial Solutions announced that as part of the proposed acquisition Axiro Semiconductor, a wholly-owned Indian Subsidiary of the Company, has incorporated a wholly-owned Subsidiary in the State of Delaware, USA, namely 'Axiro Semiconductor Inc.' on 23 December 2024. Accordingly, Axiro Semiconductor Inc. is a step-down wholly-owned subsidiary of the Company.