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Jilin Forest Industry Co Ltd Announces Capital Injection for Equity Acquisition

Thursday, 23 May 2013 08:00pm EDT 

Jilin Forest Industry Co Ltd announced that it will inject RMB 20.80 million into a Lianzhou-based tourism development company (Company A), to hold an 80% stake, for the cooperation of a Lianzhou-based resort project with two individuals, Cheng Shengqun and Cheng Tianmin. After the injection, Company A's registered capital will increase from RMB 0.5 million to RMB 21.30 million, and the two individuals' holdings will both decreased to 10%. 

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