Jul 27, 2021 09:50 PM (GMT+8) · EqualOcean
Wanxiang Qianchao announced that the company plans to increase the capital of its wholly-owned subsidiary Wanxiang Qianchao (America) Co., Ltd. ("America company") by 50 million yuan with its own funds to increase the capital of its subsidiary, Thailand company. After the capital increase, the Thai company increased its registered capital by 50 million yuan. After the capital increase, the shareholding ratio of the company to the American company is still 100%, the shareholding ratio of the American company to the Thai company is changed from 90% to 95%, the registered capital of other shareholders remains unchanged, and the shareholding ratio decreases in the same proportion.