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Xinjiang Baihuacun Co Ltd Announces Capital Injection of Subsidiary

Tuesday, 29 Oct 2013 08:00pm EDT 

Xinjiang Baihuacun Co Ltd announced that a Wujiaqu-based urban construction investment operation company and a Xinjiang-based material company will transform their creditor's right of RMB 250 million in the Company's wholly owned subsidiary, a Xinjiang-based coking company, into investment in the subsidiary. After that the subsidiary's registered capital will increase from RMB 300 million to RMB 454,054,700 (RMB 95,945,300 will be included in additional paid-in capital). The Company's stake in the subsidiary will decrease from 100% to 66.08%, while the Wujiaqu-based company and the Xinjiang-based material company will respectively hold a 16.96% stake in it. 

Company Quote

-1.13 -9.96%
10:13pm EDT