China Hongguang (08646.HK): Shenzhen and Li Investment plan to invest 100 million yuan to acquire equity in Jieyang Hongguang.

Zhitong Finance APP News: China Hongguang (08646.HK) announced that its indirect wholly-owned subsidiary, Jieyang Hongguang Coating Glass Co., Ltd. (Jieyang Hongguang), is currently in discussions with Shenzhen Yuli Investment Co., Ltd. (an affiliated company of Yuli International Quantitative Securities Partnership Fund) regarding a capital increase. The preliminary intention is for the investor to invest RMB 100 million to subscribe for equity in Jieyang Hongguang, which would result in approximately 20% ownership after completion. Both parties have agreed that the deadline for signing the formal capital increase agreement will be based on the effective compliance due diligence of both parties.