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2431 — Minieye Technology News Story

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Brief: Minieye Technology Announces Deemed Disposal Of Interest In A Subsidiary

BRIEF-Minieye Technology Announces Deemed Disposal Of Interest In A Subsidiary

- Minieye Technology Co Ltd 2431.HK:

  • DEEMED DISPOSAL OF EQUITY INTEREST IN A SUBSIDIARY

  • COMPANY, SHENZHEN YAOXING INVESTMENT, YAOXING POWER AND INVESTORS ENTERED INTO CAPITAL INCREASE AGREEMENT

  • INVESTORS AGREED TO MAKE CAPITAL CONTRIBUTIONS IN AGGREGATE AMOUNT OF RMB240 MILLION INTO YAOXING POWER

  • CAPITAL CONTRIBUTIONS IN RETURN FOR 13.79% INTEREST IN AGGREGATE IN ENLARGED REGISTERED CAPITAL OF YAOXING POWER


Further company coverage: 2431.HK


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

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