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Hengtong Shares: Plans to Inject 330 Million Yuan into Wholly-Owned Subsidiary Hengtong Copper Foil

36Kr1 min read

36Kr reports that Hengtong Shares announced plans to inject 330 million yuan in cash into its wholly-owned subsidiary, Hengtong Precision Copper Foil Technology (Deyang) Co., Ltd. Upon completion of the capital increase, Hengtong Copper Foil's registered capital will rise from 900 million yuan to 1.23 billion yuan, remaining a wholly-owned subsidiary. The capital injection aims to bolster Hengtong Copper Foil's financial strength and optimize its debt structure without altering the scope of consolidated financial statements.

Read the full article at 36Kr

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