Technology, Industrials, Financials Dec 29, 2021 06:09 PM (GMT+8) · EqualOcean
Financial Associated Press, December 29 - Zhangzhou Development announced that in order to meet the production, operation and construction needs of the company's wholly-owned subsidiary Zhangzhou Development Water Group Co., Ltd. (hereinafter referred to as the water group), reduce the asset liability ratio and improve market competitiveness, the company increased 360 million yuan in cash to the water group; After the capital increase, the registered capital of the water group increased from 63.3 million yuan to 423.3 million yuan. The equity structure of the water group remained unchanged, and the company still held 100% equity. At present, the company has completed the above capital increase, and the follow-up water group will complete the industrial and commercial change procedures.

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