PENGO HLDG GP's subsidiary completed a capital injection of 40 million yuan into Xiexin Industrial Park Management (Guangdong) to acquire a 51% stake
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According to the Zhitong Finance APP, PENGO HLDG GP announced that all the prerequisites under the capital injection agreement have been met, and the completion has been implemented on July 16, 2025. Upon completion, the investors will hold approximately 51% of the target company's expanded registered capital. Therefore, the completion will grant the group control over the target company and project company, and it will be accounted for as an indirect non-wholly-owned subsidiary in the company's consolidated financial statements
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