ST PROREAL RESOURCES plans to increase its investment in Zhisheng Construction by 49 million yuan to meet its operational development needs
ST PROREAL RESOURCES announced that it will increase its investment in Wenzhou Zhisheng Construction Engineering Co., Ltd. by 49 million yuan to meet its operational development needs. The capital increase will be jointly conducted by the company and its wholly-owned subsidiary Hangzhou Zhongshi Media Technology Co., Ltd., with the company subscribing 44.1 million yuan and Zhongshi Media subscribing 4.9 million yuan
According to the announcement from *ST Chuangxing (600193.SH), in order to meet the operational development needs of Wenzhou Zhisheng Construction Engineering Co., Ltd. (referred to as "Zhisheng Construction"), the company and its wholly-owned subsidiary Hangzhou Zhongshi Media Technology Co., Ltd. (referred to as "Zhongshi Media") plan to use their own funds to proportionally increase their capital contribution to Zhisheng Construction, with a total capital contribution amount of 49 million yuan, of which the company's capital contribution amount is 44.1 million yuan, and Zhongshi Media's capital contribution amount is 4.9 million yuan
