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).

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).