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Longbai Group intends to increase the capital of its subsidiary Shandong Longbai Titanium Industry by 130 million yuan

 Last Update: 2021-12-25
 Source: Internet
 Author: User

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technology

subsidiaries

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Long Bai Group (002601) (002601.
SZ) issued an announcement, according to the company's business and strategic development needs, in order to further strengthen the company's raw material supply capabilities, implement the innovation-driven green development strategy, the company's wholly-owned subsidiary Baililian (Hong Kong) Co.
, Ltd.
(hereinafter referred to as "Bai Li Lian Hong Kong") invested 70 million RMB to establish Shandong Long Bai Titanium Industry Technology Co.
, Ltd.
(hereinafter referred to as "Shandong Long Bai Titanium Industry") with a 100% shareholding ratio
.

In order to further enhance the financial strength of its subsidiaries, Baililian Hong Kong plans to increase the capital of Shandong Longbai Titanium by 130 million yuan
.
After the capital increase is completed, the registered capital of Shandong Longbai Titanium Industry will increase from RMB 70 million to RMB 200 million
.

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