Gelonghui December 6th | fujian tianma science and technology group (603668.SH) announced that, according to the company's global strategy and operational needs, in order to enhance the financial strength and comprehensive competitiveness of its wholly-owned subsidiary guangdong fuma, reduce the company's debt-to-asset ratio, optimize its capital structure, guangdong fuma plans to introduce an agriculture fund as a new shareholder through capital increase and share expansion. The agriculture fund plans to increase the capital of guangdong fuma by 200 million yuan in monetary form, with 174.92 million yuan included in the registered capital of guangdong fuma and 25.08 million yuan included in the capital reserves of guangdong fuma. The company waives its preemptive subscription rights for this capital increase.
After this capital increase is completed, the registered capital of guangdong fuma will increase from 210 million yuan to 384.92 million yuan. The company's equity stake in guangdong fuma will change from 100% to 54.56%, while the agriculture fund's equity stake in guangdong fuma will be 45.44%. Guangdong fuma will change from a wholly-owned subsidiary of the company to a holding subsidiary, and will still be included in the company's consolidated financial statements.
