Fangzheng Motor (002196.SZ) plans to increase capital by RMB 210 million in its subsidiary Deqing Fangzheng.

Zhitong Finance APP News, Fangzheng Motor (002196.SZ) announced that, in order to ensure the wholly-owned subsidiary's expanding production and operation capital needs, the company will increase capital by RMB 210 million in its wholly-owned subsidiary Fangzheng Motor (Deqing) Co., Ltd. (hereinafter referred to as "Deqing Fangzheng"). Deqing Fangzheng's current registered capital is RMB 350 million. After the capital increase is completed, Deqing Fangzheng's registered capital will increase to RMB 560 million, and it will remain a wholly-owned subsidiary of the company.