Ruanyun Edai Technology Incorporates Formind Global Holdings in Malaysia to Advance Planned Global Headquarters and Formind Group Strategy
Ruanyun Edai Technology Inc. has incorporated Formind Global Holdings Sdn. Bhd. in Malaysia as part of its planned global expansion and transition to the Formind Group identity. The subsidiary is expected to support the company's international education initiatives and global headquarters.
Ruanyun Edai Technology Inc. (NASDAQ: RYET) has incorporated Formind Global Holdings Sdn. Bhd. in Malaysia. The subsidiary is intended to serve as part of the operating platform for the company's planned Malaysia-based Global Headquarters and broader international education initiatives. The incorporation represents a key step in the company's transition toward the Formind Group identity. Formind Global is expected to support regional business development, institutional education partnerships, and product localization. The company believes Malaysia is well-suited to support its global headquarters due to its position within Southeast Asia and connectivity with China, MENA, and other global markets. Ruanyun Edai Technology aims to derive approximately 60% of total revenue from global markets by the end of 2027.
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