Songyang Resources (603863.SH) plans to increase the capital of Hainan Lottery to promote the development of the lottery business

Zhitongcaijing · 10/16 10:09

Zhitong Finance App News, Song Yang Resources (603863.SH) announced that its wholly-owned subsidiary Haikou Ledong Technology Co., Ltd. (“Ledong Technology”) plans to sign an “Investment Agreement” with Jinling Lecai (Hainan) Technology Co., Ltd. (“Hainan Lecai”) and its original shareholder Jinling Lecai Technology Co., Ltd. (“Jinling Lecai”). Ledong Technology plans to use its own capital of 20 million yuan to increase the capital of Hainan Lecai and purchase an additional registered capital of 20 million yuan. After the capital increase was completed, the registered capital of Hainan Lecai was changed to 25 million yuan, and Ledong Technology holds 80% of Hainan Lecai's shares.

According to reports, this transaction is to better promote the establishment and promotion of video electronic instant lottery stores in Hainan Province, which is conducive to the company's strategic goals and diversified development needs, conforms to the company's sustainable development plans and long-term interests, and further promotes the development of the company's lottery business.