BRETON: Shanghai Baipin receives a capital increase of 20 million yuan from Shanghai Yijin
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BRETON announced that its wholly-owned subsidiary Shanghai Baipin and Shanghai Yijin have signed a capital increase agreement, in which Shanghai Yijin will invest 20 million yuan to increase the capital of Shanghai Baipin, raising the registered capital from 40 million yuan to 60 million yuan. After the capital increase, BRETON's shareholding in Shanghai Baipin will be reduced to 66.67%. This move aims to enhance the capital strength of Shanghai Baipin, optimize the equity structure, support its globalization goals, and improve the company's core competitiveness
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