Glottis Ltd. Completes Incorporation of U.S. Subsidiary, Glottis Inc.
Glottis Ltd. announced the incorporation of a wholly owned subsidiary, Glottis Inc., in Texas, USA, on March 20, 2026. The subsidiary was incorporated with a capital of 1,500 shares at a face value of USD $1 per share.According to a filing, Glottis Inc. will operate in the freight forwarding industry. The company intends to expand its business through the new subsidiary and strengthen its footprint in the freight forwarding segment. The investment will be made in one or more tranches based on business requirements.
Subsidiary Details
The following table summarizes key details regarding the newly incorporated subsidiary:
| Particulars | Details |
|---|---|
| Name of Entity | Glottis Inc. |
| Date of Incorporation | March 18, 2026 |
| Country of Incorporation | Texas (USA) |
| Turnover | Nil |
| Relationship to Listed Entity | Wholly Owned Subsidiary (Related Party) |
| Industry | Freight Forwarding |
| Primary Objective | To expand the Company's business |
| Consideration | 100% subscription to initial paid-up capital in Cash |
| Cost of Acquisition | USD $1 per share |
| Shareholding Acquired | 100% |
| Line of Business | Freight forwarding |
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