TJSUD plans to increase its capital by 490 million yuan to Xinglong Company
TJSUD plans to increase its capital by 490 million yuan to its wholly-owned subsidiary Tianjin Xinglong Real Estate Development Co., Ltd. to support its acquisition of the Tianjin Dongli Shale (Hanging) 2025-10 land project. This capital increase will be conducted through cash and debt-to-equity conversion, raising Xinglong's registered capital from 10 million yuan to 500 million yuan. After the capital increase, TJSUD will still hold 100% equity in Xinglong
According to the Zhitong Finance APP, TJSUD (600322.SH) announced that Tianjin Xinglong Real Estate Development Co., Ltd. (referred to as "Xinglong Company") is a wholly-owned subsidiary of the company. Recently, Xinglong Company obtained the Tianjin Dongli Shama (Hanging) 2025-10 land project through a public bidding process, with an estimated total investment of approximately 1.5 billion yuan. To accelerate the project's construction progress and enhance Xinglong Company's financial strength and overall competitiveness, the company plans to increase its capital to Xinglong Company by 490 million yuan in cash and through debt-to-equity swaps, raising Xinglong Company's registered capital from 10 million yuan to 500 million yuan. After the capital increase, the company will hold 100% of Xinglong Company's equity, which will remain a wholly-owned subsidiary of the company
