Tianfeng Securities: Subsidiary Plans Joint Capital Increase with Controlling Shareholder to Reach 5 Billion Yuan for Hongtai Qihang

36Kr learned that Tianfeng Securities announced its wholly-owned subsidiary, Tianfeng Innovation, plans to sign a 'Capital Increase Agreement and Partnership Agreement Amendment' with controlling shareholder Hongtai Group and its subsidiary Hongtai Capital to jointly increase capital in Hongtai Qihang. Established by Tianfeng Innovation and Hongtai Capital, Hongtai Qihang has an initial subscribed capital of 50 million yuan; after the capital increase, its total subscribed capital will not exceed 5 billion yuan, with Tianfeng Innovation planning to contribute no more than 2.4251 billion yuan, bringing its cumulative contribution to no more than 2.45 billion yuan following the increase. The implementation of this related-party transaction is expected to enrich the alternative investment asset portfolio, expand the layout of equity investment business, empower the real economy and science and technology innovation industries within the province, and achieve investment returns through project exit.