Caihong Display Devices announced that its wholly-owned subsidiary Hongyang Display intends to introduce Xianyang Jincai for capital increase through non-public agreement. Xianyang Jincai will increase the capital of Hongyang Display by cash of 650 million yuan. After the capital increase is completed, the registered capital of Hongyang Display will increase to 1,699.14 million yuan, and the shareholding of Rainbow Holdings will change from 100% to 64.74%, and the shareholding of Xianyang Jincai will be 35.26%. The capital increase aims to accelerate the construction of the G8.5+ substrate glass production line project in Xianyang base and expand the scale of high-generation substrate glass industry.
彩虹股份：全资子公司增资扩股引入6.5亿元投资
Caihong Display Devices: The wholly-owned subsidiary introduced an investment of 650 million yuan through capital increase and share expansion.
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