Shenzhen Kexin Communication Technologies (300565.SZ) announced that the company plans to take action regarding its wholly-owned subsidiary Guangdong Kexin Network Technologies Co., Ltd. (simplified...
According to the Zhituo Finance APP, Shenzhen Kexin Communication Technologies (300565.SZ) announced that the company plans to convert a debt claim of 21 million yuan against its wholly-owned subsidiary Guangdong Kexin Network Technology Co., Ltd. (referred to as "Kexin Network") into an equity increase, while using its own funds or raised funds amounting to 38 million yuan to increase the capital of Kexin Network, with a total capital increase not exceeding 60 million yuan (including the principal). This injection of capital into the wholly-owned subsidiary Kexin Network will enhance its financial strength and support its business development.