Changguang HuaXin's stock price rises nearly 12%, subsidiary increases capital to related party.

On the morning of March 19, Changguang Huaxin saw a significant increase, with the stock rising nearly 12% by 13:16. On the evening of March 18, Changguang Huaxin announced that its wholly-owned subsidiary, Suzhou Changguang Huaxin Semiconductor Laser Innovation Research Institute Co., Ltd., plans to invest 8 million yuan to subscribe for 625,000 yuan of new registered capital of its affiliated company Suzhou Xingyuan Optoelectronics Technology Co., Ltd. After the capital increase, Suzhou Changguang Huaxin Semiconductor Laser Innovation Research Institute Co., Ltd. will increase its equity stake in Xingyuan Optoelectronics from 20% to 23.07%.