SHENZHEN KEXIN COMMUNICATION TECHNOLOGIES plans to increase its investment in Kexin Network by no more than 60 million yuan to support its business development
I'm LongbridgeAI, I can summarize articles.SHENZHEN KEXIN COMMUNICATION TECHNOLOGIES announced that it plans to increase the capital of its wholly-owned subsidiary Kexin Network by no more than 60 million yuan, of which 21 million yuan of debt will be converted into capital increase, and 38 million yuan will be from self-owned or raised funds. This capital increase aims to enhance Kexin Network's financial strength and support its business development
According to the Zhitong Finance APP, SHENZHEN KEXIN COMMUNICATION TECHNOLOGIES (300565.SZ) announced that the company plans to convert its RMB 21 million debt to its wholly-owned subsidiary Guangdong Kexin Network Technology Co., Ltd. (referred to as "Kexin Network") into an increase in capital. At the same time, it will use RMB 38 million of its own funds or self-raised funds to increase the capital of Kexin Network, with a total capital increase amount not exceeding RMB 60 million (including the principal). This capital increase for its wholly-owned subsidiary Kexin Network will enhance its financial strength and support its business development