EVERJOY HEALTH's subsidiary plans to increase investment in Simic Building Materials by 600 million yuan to optimize its financial structure
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According to the Zhitong Finance APP, EVERJOY HEALTH announced that its wholly-owned subsidiary Shanghai Smick Building Ceramics Co., Ltd. (referred to as "Smick Ceramics") intends to use its own funds of RMB 600 million to increase capital in its wholly-owned subsidiary Shanghai Smick Building Materials Co., Ltd. (referred to as "Smick Building Materials"), of which RMB 595 million will be allocated to capital reserves and RMB 5 million to registered capital. This matter aims to optimize the financial structure and reduce the asset-liability ratio
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