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Luyin Investment to Raise Salt-Making Unit's Capital by 80 Million Yuan for Salt Factory Construction
luyin investment group (600784.SH): Chairman Yang Yaodong will assume the duties of the board of directors secretary.
Luyin Investment Group (600784.SH) announced on November 22nd that, in accordance with the rules of the Shanghai Stock Exchange on the listing of stocks, if the position of board secretary remains vacant for more than 3 months, the chairman should perform the duties of the board secretary until a new board secretary is appointed by the company. Starting from the date of this announcement, Mr. Yang Yaodong, the chairman of the company, will perform the duties of the board secretary until a new board secretary is appointed by the company. The company will expedite the selection of a new board secretary in accordance with relevant regulations.
Luyin investment group (600784.SH): plans to increase investment in Feicheng Salt Production by 80 million yuan.
Gelonghui, November 22 – Luyin investment group (600784.SH) announced that in order to accelerate the construction of its wholly-owned subsidiary Feicheng Salt's refined salt project with an annual output of 1.2 million tons, the company intends to increase its capital by 80 million yuan using its own funds. After this capital increase is completed, the registered capital of Feicheng Salt will increase from 147.66 million yuan to 227.66 million yuan, and Feicheng Salt will remain a wholly-owned subsidiary of the company. This capital increase will help alleviate Feicheng Salt's financial pressure, optimize its asset-liability structure, accelerate the construction progress of the 1.2 million tons refined salt project per year, and enhance the company's comprehensive competitiveness, with no harm to the company and all stakeholders.
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