Brief: China Huirong Financial Announces Capital Increase For Unit

China Huirong Financial Holdings

29/05/2020 10:29

May 29 (Reuters) - China Huirong Financial Holdings Ltd
 1290.HK :
    * UNIT GOT CAPITAL CONTRIBUTION FROM HUIFANG TONGDA, SUZHOU
WUZHONG GAOXIN TECHNOLOGY VENTURE MANAGEMENT
    * UNIT RECEIVED A CAPITAL CONTRIBUTION FROM SUZHOU DONGFANG
VENTURE INVESTMENT OF RMB20 MILLION
    * AS RESULT OF CAPITAL INCREASE, CO'S SHAREHOLDING IN HUIDA
FACTORING TO DECREASE FROM 100% TO 60%
    * AS A RESULT OF CAPITAL INCREASE, REGISTERED SHARE CAPITAL
OF
UNIT INCREASED FROM RMB50 MILLION TO RMB100
    * UNIT BECOMES OWNED AS TO 60%, 20% AND 20% BY HUIFANG
TONGDA,
WUZHONG GAOXIN & DONGFANG INVESTMENT, RESPECTIVELY

Source text for Eikon:  ID:nHKS23PdvV 
Further company coverage:  1290.HK 

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