Brief: BOE Varitronix Announces Disposal Of Stake In Shenzhen Jiangcheng Technology

Boe Varitronix

03/03/2021 14:37

March 3 (Reuters) - Boe Varitronix Ltd  0710.HK :
    * SHENZHEN JIANGCHENG TECHNOLOGY ENTERED CAPITAL INCREASE
AGREEMENT FOR CAPITAL INCREASE OF AGGREGATE RMB38 MILLION INTO
IT
    * POST FIRST CAPITAL INCREASE, STAKE IN SHENZHEN JIANGCHENG
TECHNOLOGY CO HELD BY VARITRONIX (SZ) WILL INCREASE TO ABOUT
59.38%
    * VARITRONIX (SZ) WILL MAKE CAPITAL INCREASE OF RMB8 MILLION
INTO
SHENZHEN JIANGCHENG TECHNOLOGY CO UNDER FIRST CAPITAL INCREASE
    * UNDER SECOND CAPITAL INCREASE, HEFEI NEW ECONOMY WILL MAKE
CAPITAL INCREASE OF RMB20 MILLION INTO SHENZHEN JIANGCHENG
TECHNOLOGY
    * SHENZHEN JIANGCHENG TECHNOLOGY CO WILL CONTINUE TO BE A
UNIT OF
CO
    * POST SECOND CAPITAL INCREASE, STAKE OF VARITRONIX (SZ) IN
SHENZHEN JIANGCHENG TECHNOLOGY WILL DECREASE TO ABOUT 50.47%

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0303/2021030301667.pdf
Further company coverage:  0710.HK 

 ((Reuters.Briefs@thomsonreuters.com;))