Brief: Ccid Consulting Says Co, Ccid Design, Ccid Group And Guangdong Ccid Entered Capital Increase Agreement

CCID Consulting

20/07/2020 16:08

July 20 (Reuters) - CCID Consulting Co Ltd  8235.HK :
    * CO, CCID DESIGN, CCID GROUP AND GUANGDONG CCID ENTERED
CAPITAL
INCREASE AGREEMENT
    * CCID GROUP TO MAKE CAPITAL CONTRIBUTION OF ABOUT RMB53.7
MILLION
TO CCID DESIGN VIA INJECTION OF 100% EQUITY INTEREST IN
GUANGDONG CCID
    * REGISTERED CAPITAL OF CCID DESIGN WILL BE INCREASED FROM
RMB50
MILLION TO ABOUT RMB80 MILLION
    * CO'S INTEREST IN CCID DESIGN WILL DECREASE FROM 95% TO
ABOUT
59.37%
    * UPON COMPLETION OF CAPITAL INCREASE, GUANGDONG CCID WILL
BE A
UNIT OF CO
    * CCID GROUP CO’S INTEREST IN CCID DESIGN WILL INCREASE FROM
5% TO
ABOUT 40.63%

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