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Changzhou Tenglong Auto Parts: Shareholder Hebei Xinyuan plans to increase its capital and share expansion, introducing two strategic investors.

Breakings ·  Oct 17 17:15

Changzhou Tenglong Auto Parts announcement, shareholder Hebei Xinyuan plans to increase its capital and share expansion, introducing two strategic investors, with a total capital increase of not more than 0.5 billion yuan. The company agrees to waive its priority subscription rights for the aforementioned capital increase. The first capital increase of 0.1001 billion yuan is completed, and after Hebei Xinyuan fulfills the anti-dilution clause for the previous round of financing shareholders, the company's proportion of holding Hebei Xinyuan's equity will change from 27.50% to 24.32%; based on a total investment of 0.5 billion yuan, the company's proportion of holding Hebei Xinyuan's equity will change from 27.50% to 17.98%.

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