Zhejiang Founder Motor (002196.SZ) plans to inject RMB 210 million in additional capital into its subsidiary Deqing Founder.
Zhejiang Founder Motor (002196.SZ) has announced that, in order to meet the working capital needs of its wholly-owned subsidiary for expanding production and operations, the company will inject an additional RMB 210 million in capital into Founder Motor (Deqing) Co., Ltd. (hereinafter referred to as "Deqing Founder"). Deqing Founder currently has a registered capital of RMB 350 million. Upon completion of the capital increase, Deqing Founder's registered capital will increase to RMB 560 million, and it will remain a wholly-owned subsidiary of the company.
Zhejiang Founder Motor (002196.SZ) announced that, in order to meet the funding needs of its wholly-owned subsidiary for expanding production and operations, the company will inject an additional RMB 210 million in capital into its wholly-owned subsidiary Zhejiang Founder Motor (Deqing) Co., Ltd. (hereinafter referred to as "Deqing Founder"). Deqing Founder's current registered capital is RMB 350 million. Upon completion of the capital increase, Deqing Founder's registered capital will increase to RMB 560 million, and it will remain a wholly-owned subsidiary of the company.
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