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Mingyang Circuit: Intends to increase the capital of its wholly-owned subsidiary Zhuhai Mingyang by 120 million yuan with its own funds.
On October 8th, Golden Ten Data reported that Mingyang Circuit announced that the company plans to increase the capital of its wholly-owned subsidiary, Zhuhai Mingyang, by RMB 120 million using its own funds. After the capital increase, the registered capital of Zhuhai Mingyang will increase from RMB 310 million to RMB 430 million. This capital increase is mainly to meet the funding needs of Zhuhai Mingyang, which will help enhance its financial strength and accelerate its development. After the capital increase, Zhuhai Mingyang will remain a wholly-owned subsidiary of the company and will not have any adverse impact on the company’s financial and operational status.