Qingdao Gaoce's subsidiary plans to convert a debt of 100 million yuan into equity to increase its investment in Runyang Co., Ltd
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Qingdao Gaoce announced that its wholly-owned subsidiary Gaoce Intelligent will increase its capital in Runyang Co., Ltd. by 100 million RMB through a debt-to-equity swap. This move aims to resolve customer debt issues, accelerate receivables recovery, reduce bad debt risks, and optimize the financial structure. After the capital increase, Gaoce Intelligent will hold 5.625 million shares of Runyang Co., Ltd., accounting for 1.0817% of the total share capital. The transaction pricing is based on asset evaluation to ensure that the interests of the company and its shareholders are not harmed
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