Technology Jun 18, 2021 10:15 PM (GMT+8) · EqualOcean
China Communications Services announced on the Hong Kong stock exchange that the company and its subsidiary supply chain company have signed capital increase agreements with COSCO Shipping Tianjin, zhilianshen international, Shuangbai fund and Dongzheng Sucheng. Four strategic investors will inject 900 million yuan into the supply chain company in total. After the capital increase, the registered capital of the supply chain company will increase from 929 million yuan to 1.255 billion yuan. The strategic investors will hold 26.015% of the shares of the supply chain company after the expansion of the share capital, and the shares of the company will be diluted to 73.985%. The introduction of strategic investors into supply chain companies can further improve the corporate governance structure and market-oriented operation mechanism, and improve the operation efficiency.

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