Wanshun new material: it is proposed to increase the capital of Guangdong Wanshun by 500 million yuan with its own funds
Financial Associated Press, January 7 (Xinhua) -- Wanshun new material announced that in order to enhance the financial strength of its wholly-owned subsidiary Guangdong Wanshun Technology Co., Ltd. ("Guangdong Wanshun"), improve its financing ability and anti risk ability, the company plans to increase the capital of Guangdong Wanshun by 500 million yuan with its own funds, which will be put in place step by step according to the capital arrangement of the company. After the capital increase, the registered capital of Guangdong Wanshun increased from RMB 300 million to RMB 800 million, and the company holds 100% of its equity.
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