iRay Technology (688301.SH) announced that the company plans to use its own funds to invest in its subsidiary iRay Power Technology (Shanghai...
According to the Zhito Finance APP, iRay Technology (688301.SH) announced that the company plans to use its own funds to increase capital in its controlling subsidiary iRay Power Technology (Shanghai) Co., Ltd. (referred to as "iRay Power") with a cash contribution of 40 million yuan, subscribing to the newly increased registered capital of 5.1512 million yuan. After the capital increase, iRay Power's registered capital will rise from 18.0293 million yuan to 23.1806 million yuan, and the company's shareholding in iRay Power will increase from 50.2% to 61.27% (hereinafter referred to as "this capital increase").
This capital increase is beneficial for advancing the development of the Industry Chain for the core components of digital X-ray imaging, optimizing and improving the company's supply chain vertical integration, promoting underlying technological innovation, consolidating, and enhancing the company's core competitiveness to meet the company's future Global Strategy development needs.
