TEHO International Inc. Ltd. announced that the Company has incorporated a wholly-owned subsidiary in the Republic of Korea known as TEHO Ropes Korea Co. Ltd. TEHO Korea was incorporated with an issued and paid-up share capital of KRW 100 million (approximately SGD 115,000). The principal business of TEHO Korea is supplying of rigging and mooring equipment as well as related services to customers mainly in the marine and offshore industries. The incorporation of TEHO Korea was funded by internal resources and is not expected to have any material impact on the earnings per share and net tangible assets per share of the Company and the Group for the current financial year ending 30 June 2020.