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Jinpu Titanium (000545.SZ) increased capital to its wholly-owned subsidiary Nanjing Titanium Dioxide due to business development needs

 Last Update: 2022-05-09
 Source: Internet
 Author: User

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Jinpu Titanium Industry (000545.
SZ) announced that in order to further meet the operation and development needs of its wholly-owned subsidiary Nanjing Titanium Dioxide Chemical Co.
, Ltd.
(hereinafter referred to as "Nanjing Titanium Dioxide"), it agreed to increase the capital of Nanjing Titanium Dioxide.
After the capital increase is completed, Nanjing Titanium Dioxide The registered capital of titanium dioxide increased from RMB 79.
76 million to 108 million
.

The company used its own funds to increase the capital of its wholly-owned subsidiary this time, in order to meet the operation and development needs of the wholly-owned subsidiary Nanjing Titanium Dioxide, which is conducive to promoting the development of the company's business
.
This capital increase is for the subsidiaries within the scope of the company's consolidated statements, and will not have a significant impact on the company's financial status and operating results
.

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