Fujian tianma science and technology group (603668.SH) released an announcement, based on the planning of the company's overall global strategy layout and the needs of operation development...
According to the announcement released by Fujian tianma science and technology group (603668.SH), in order to enhance the financial strength and overall competitiveness of its wholly-owned subsidiary Fuzhou Eel Hall, the company's wholly-owned subsidiary Fujian Sanyu Aquaculture Co., Ltd. (hereinafter referred to as "Sanyu Aquaculture") intends to increase its capital in Fuzhou Eel Hall by 0.195 billion yuan in cash. After the completion of this capital increase, the registered capital of Fuzhou Eel Hall will be increased from the current 5 million yuan to 0.2 billion yuan, and Fuzhou Eel Hall will still be a wholly-owned subsidiary of Sanyu Aquaculture.
This capital increase by Sanyu Aquaculture in cash for its wholly-owned subsidiary aligns with the company's overall global strategy layout planning and operational development needs, helps enhance the financial strength of Fuzhou Eel Hall, promotes the continuous and stable development of its eel farming main business, improves its operational efficiency and profitability, and strengthens the company's sustainable development capability and core competitiveness.
