Suzhou TFC Optical Communication (300394.SZ) announced that the company and Zou Zhinong plan to capitalize on the company's controlling subsidiary, Suzhou Tianfu Star Technology...
According to the announcement made by Tianfu Communication (300394.SZ) on the Zhifutong Financial app, the company plans to make proportional capital increase in its controlling subsidiary, Suzhou Tianfu Star Technology Co., Ltd. (referred to as "Tianfu Star"). The registered capital of Tianfu Star will be increased from CNY 351 million to CNY 501 million, with the company increasing its investment to Tianfu Star by CNY 80 million and Zou Zhinong increasing his investment by CNY 70 million.
It is reported that this capital increase is to further expand the overseas investment scale of the controlling subsidiary, Suzhou Tianfu Star Technology Co., Ltd., continue to develop new fields, new businesses, new technologies and new markets, and enhance the development of overseas markets.