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Zhangjiagang Freetrade Science And Technology Co Ltd Announces Capital Injection

Wednesday, 17 Apr 2013 08:00pm EDT 

Zhangjiagang Freetrade Science And Technology Co Ltd announced that it has signed a capital injection contract with a Zhangjiagang-based asset operating company (Company A), a Jiangsu-based chemical industry company (Company B) and a Jiangsu-based chemical industry exchange center company (Company C) on April 16, 2013. According to the contract, the Company, Company A and Company B will respectively inject RMB 40 million, RMB 75 million and RMB 80 million into Company C, to increase Company C's registered capital from RMB 5 million to RMB 200 million. After that, Company A's holdings in Company C will decrease from 100% to 40%. The Company and Company B will respectively begin to hold a 40% and a 20% stake in Company C. 

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