J.S. Machine's subsidiary Shengcheng Photovoltaic plans to increase its investment in Runyang Co., Ltd. by 150 million yuan
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J.S. Machine's wholly-owned subsidiary, Shengcheng Photovoltaic, plans to increase its investment in Runyang Co., Ltd. by 150 million yuan, resulting in a 1.5523% shareholding after the investment. The prerequisite for the investment is that Runyang Co., Ltd. and its related parties must repay Shengcheng Photovoltaic's debt of 20.83 million USD. If the repayment is not made, Shengcheng Photovoltaic can convert the unpaid portion into a debt investment. This move aims to resolve customer arrears, accelerate the recovery of payments, reduce bad debt risks, and optimize the financial structure
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