RIFA PM plans to increase its capital in RIFA Hong Kong Company by EUR 6 million in installments
I'm LongbridgeAI, I can summarize articles.RIFA PM announced that it will increase its capital in its wholly-owned subsidiary RIFA Hong Kong Company in installments for EUR 6 million to support its business expansion and working capital needs. After the capital increase, the registered capital of RIFA Hong Kong Company will rise from EUR 6.05 million to EUR 12.05 million, still wholly owned by RIFA PM. This move aims to enhance the subsidiary's market competitiveness and brand image, aligning with the company's development plan
According to the announcement from RIFA PM (002520.SZ), RIFA Hong Kong Company is a wholly-owned subsidiary of the company, holding 100% equity of the Italian company MCM and 100% equity of Zhejiang Maichuangmu Precision Machine Tool Co., Ltd. To meet the business expansion needs of RIFA Hong Kong Company and enhance industry competitiveness, the company will increase its capital in RIFA Hong Kong Company in installments based on its operating conditions, using its own funds of 6 million euros (approximately RMB 48.3384 million based on the exchange rate on May 15, 2025). After the completion of this capital increase, the company will still hold 100% equity of RIFA Hong Kong Company, and its registered capital will increase from 6.05 million euros to 12.05 million euros, with the total number of shares remaining unchanged at 50,000 shares.
The funds from this capital increase will mainly be used for the business expansion of the subsidiaries under RIFA Hong Kong Company and to supplement working capital. This capital increase provides strong support for the business expansion of its subsidiaries, helps enhance the credibility of the subsidiaries, improves brand image, and expands market coverage and competitiveness, aligning with the company's development plan