Gelonghui November 25th | Hongsheng Huayuan (601096.SH) announced that the company plans to increase the capital of Anhui Hongyuan, Jiangsu Huadian, Chongqing Shuntai, Chongqing Yuhuang, and Zhenjiang Hongze, totaling 300.105 million yuan to its wholly-owned subsidiaries. Among them, 161.5331 million yuan will be used from the raised funds, and 138.5719 million yuan will be from its own funds. Zhenjiang Hongze is a subsidiary of the Company's subsidiary Jiangsu Zhenguang Electric Power Equipment Manufacturing Co., Ltd. (referred to as "Jiangsu Zhenguang"), and the Company will increase its capital in a step-by-step manner.
Among them, the company plans to use the raised funds to increase the capital of Anhui Hongyuan, Jiangsu Huadian, and Zhenjiang Hongze for the construction of the Hongsheng Huayuan Tower Group Co., Ltd. Intelligent Manufacturing Upgrade Project; the company plans to increase the capital of Chongqing Yuhuang with the raised funds for the construction of the Chongqing Yuhuang Phase II Smart Factory Project.
After this capital increase, Anhui Hongyuan's registered capital will increase from 354.8922 million yuan to 435.6922 million yuan; Jiangsu Huadian's registered capital will increase from 318.6264 million yuan to 413.5264 million yuan; Chongqing Shuntai's registered capital will increase from 262.71177721 million yuan to 264.29877721 million yuan; Chongqing Yuhuang's registered capital will increase from 154.86 million yuan to 220.678 million yuan; Zhenjiang Hongze's registered capital will increase from 60 million yuan to 117 million yuan; the above-mentioned companies will remain wholly-owned subsidiaries of the company after the capital increase is completed.
