TYGF: Wholly-owned subsidiary Unified Petrochemical increases capital by 400 million yuan
TYGF announced that its wholly-owned subsidiary, TY Petrochemical Co., Ltd., is publicly listing for capital increase and share expansion through the Beijing Equity Exchange. Shaoxing Keqiao Fenghou Lingtu Equity Investment Partnership intends to increase capital by 400 million yuan in cash, and after the capital increase, it will hold a 21.91% equity stake in TY Petrochemical. The raised funds will be used for the research and development projects of new energy liquid cooling oil and special lubricants, as well as to supplement working capital. After the completion of this transaction, TY Petrochemical will still be a controlling subsidiary of the company
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