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Ningbo Zhongbai (600857.SH): increased capital by 18 million yuan to its wholly-owned subsidiary Ningbo Erbai.
Gelonghui, August 26th | Ningbo Zhongbai (600857.SH) announced that on August 23, 2024, the tenth board of directors held its sixth meeting to review and approve the "Proposal to Increase the Capital of Wholly-owned Subsidiaries", and agreed to increase the capital of its wholly-owned subsidiary Ningbo Erbai by 18 million yuan from its own funds due to the company's operation needs. After this capital increase, the registered capital of Ningbo Erbai will increase from RMB 2 million to RMB 20 million, and the company will still hold 100% equity in it.
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