Guancheng New Materials (600067.SH) plans to increase the capital of its subsidiary holding company through debt

Zhitongcaijing · 11/26 09:09

According to the Zhitong Finance App, Guancheng New Materials (600067.SH) announced that Guancheng Huitai, a wholly-owned subsidiary of the company, plans to convert its 1.5 billion yuan debt to Nanjing Wansheng's capital reserve according to a 1:1 ratio. At the same time, the company plans to convert its debt of RMB 299,999,999 (equivalent to US$42.1349 million) to Hong Kong Chase's share capital in a 1:1 ratio, and to convert its 200 million yuan debt to Guancheng Yuantai in a 1:1 ratio to a capital reserve for Guancheng Yuantai (this portion of the capital reserve is exclusive to the company).

After the capital increase is completed, there will be no change in the registered capital of Nanjing Wansheng and Guancheng Yuantai, and the registered capital of Hong Kong Chase will be changed from 1,290 US dollars to 42.361 million US dollars.