The manufacturing equipment is capitalized as an equity investment of US$56.70 million in the Vietnamese subsidiary by Score High Group Limited, one of Riteks overseas subsidiary holding companies. Having invested US$57.19 million including this time, Score High Group is the 100% owner of Ritek Vietnam.
The shift is because Ritek plans to phase out production in Europe and start production in Vietnam to minimize production costs, the company pointed out. Ritek did not shift any equipment to its subsidiaries in China because used equipment cannot be imported into China. Riteks domestic production focuses on high-speed DVD+R/-R discs and DVD+R DL discs.