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X先锋精科(688605.SH): Plans to increase capital by 50 million yuan to its wholly-owned subsidiary Wuxi Xianyan.
Glory Holdings announced on December 27 that Xianfeng Precision Technology (688605.SH) plans to inject 50 million yuan into its wholly-owned subsidiary Wuxi Xianyan to smoothly promote the construction of the company's fundraising projects, with funds sourced from raised capital, which will all be used as registered capital for Wuxi Xianyan. After this capital increase is completed, the registered capital of Wuxi Xianyan will rise from 60 million yuan to 110 million yuan, and the company's shareholding ratio in Wuxi Xianyan will remain at 100%. Meanwhile, the company intends to provide a loan of 236,461,332.89 yuan to Wuxi Xianyan using the raised funds, which will be interest-free, with the loan term being the actual duration of the loan provision.
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