JINJIAN CEREALS INDUSTRY plans to increase its investment in its subsidiary JINJIAN INTERNATIONAL TRADE by 90 million yuan
JINJIAN CEREALS INDUSTRY announced that it will increase the capital of its subsidiary JINJIAN GUOMAO by 90 million yuan to optimize its financial structure, improve its credit rating and financing capacity, enhance operational efficiency, and ensure the stability of the industrial chain and the resilience of the supply chain. After the capital increase, the registered capital of JINJIAN GUOMAO will rise to 100 million yuan, and JINJIAN CEREALS INDUSTRY will hold 100% of its shares
According to the Zhitong Finance APP, JINJIAN CEREALS INDUSTRY (600127.SH) announced that in order to fully optimize the financial structure of the target company, improve credit ratings and financing capabilities, enhance operational efficiency, ensure the stability of the industrial chain and supply chain resilience for its service company, and strengthen market competitiveness and strategic support capabilities, the company has decided to increase its investment in Hunan Agricultural Development JINJIAN International Trade Co., Ltd. (referred to as "JINJIAN International Trade Company") by 90 million yuan.
After the completion of this capital increase, the registered capital of JINJIAN International Trade Company will increase from 10 million yuan to 100 million yuan. The company will directly hold 99% of the shares of JINJIAN International Trade Company and will indirectly hold 1% of the shares through its wholly-owned subsidiary Hunan JINJIAN CEREALS INDUSTRY Marketing Co., Ltd., totaling 100% of the shares of JINJIAN International Trade Company
