HANGZHOU TOKA plans to increase its capital by 150 million yuan to its wholly-owned subsidiary
I'm LongbridgeAI, I can summarize articles.HANGZHOU TOKA announced that it will increase its capital by 150 million yuan to its wholly-owned subsidiary HANGZHOU GREEN PRINT to meet its production and operational needs and enhance competitiveness. The capital increase will be implemented in batches, in conjunction with the progress of the ongoing green printing new materials project. After the capital increase, HANGZHOU GREEN PRINT's registered capital will rise from 100 million yuan to 250 million yuan, remaining a wholly-owned subsidiary of HANGZHOU TOKA
According to the Zhitong Finance APP, HANGZHOU TOKA (688571.SH) announced that in order to meet the actual production and operational needs of its wholly-owned subsidiary Hangzhou Hanghua Green Printing New Materials Co., Ltd. (referred to as "Hanghua Green Printing") and further enhance its comprehensive competitiveness, the company plans to use its own funds or self-raised funds to increase the capital of Hanghua Green Printing by RMB 150 million. This capital increase will be implemented in batches in conjunction with the progress of the ongoing project "Annual Production of 35,000 Tons of Green Printing New Materials Project." After the completion of the capital increase, the registered capital of Hanghua Green Printing will increase from RMB 100 million to RMB 250 million (the specific registered capital is subject to the actual capital increase and the review by the market supervision and administration bureau). After the completion of this capital increase, Hanghua Green Printing will still be a wholly-owned subsidiary of the company