I'm LongbridgeAI, I can summarize articles.Landai Technology plans to increase the capital of its wholly-owned subsidiary Ma'anshan Landai Machinery with its own funds of 30 million yuan to meet the funding needs for project investment and construction, enhance its layout in the new energy vehicle transmission business, ensure the smooth operation of its subsidiary's business, and align with the company's long-term development strategy
According to the announcement from Zhitong Finance APP, Landai Technology (002765.SZ) plans to increase its capital by RMB 30 million using its own funds (self-raised funds) for its wholly-owned subsidiary Ma'anshan Landai Transmission Machinery Co., Ltd. (hereinafter referred to as "Ma'anshan Landai Machinery"). This capital increase for the wholly-owned subsidiary Ma'anshan Landai Machinery is to meet the funding needs for its project investment and construction, strengthen the company's layout in the new energy vehicle transmission business, ensure the smooth operation of various businesses of the wholly-owned subsidiary, and align with the company's long-term development strategy