yyfp: Increase capital for wholly-owned subsidiary Maoyuan Forestry by converting 1.4 billion yuan of debt into equity

Zhitong
2025.08.13 08:55

Yueyang Forest Paper announced that the company will hold a board meeting on August 13, 2025, to review and approve an increase of 1.4 billion yuan in capital to its wholly-owned subsidiary Maoyuan Forestry through debt-to-equity conversion. After the capital increase, Maoyuan Forestry's registered capital will rise to 1.871 billion yuan. This capital increase aims to reduce Maoyuan Forestry's asset-liability ratio, improve its financial structure, enhance its risk resistance capability, promote sustainable development, and comply with state-owned asset management requirements and the company's overall strategic planning. The capital increase will not lead to changes in the scope of consolidated financial statements and will not adversely affect the company's financial condition and operating results

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