On December 24, Gelonghui reported that Dongrui Co., Ltd. (001201.SZ) announced plans to further enhance the overall competitiveness of its wholly-owned subsidiaries, reasonably optimize their asset-liability structure, improve fund utilization efficiency, strengthen financing capabilities, and enhance risk resistance financing capabilities. The company intends to increase capital for five wholly-owned subsidiaries.
The company plans to increase capital for its wholly-owned subsidiary Dongyuan Dongrui Agricultural Development Co., Ltd. (referred to as "Dongyuan Dongrui") by 800 million yuan through the conversion of debt to equity, with the debt formed by the company’s own funds and self-raised funds amounting to 235.9638 million yuan and the debt formed by the company's raised funds amounting to 564.0362 million yuan. After this capital increase is completed, the registered capital of Dongyuan Dongrui will increase from 700 million yuan to 1500 million yuan, remaining a wholly-owned subsidiary of the company.
The company plans to increase capital for its wholly-owned subsidiary Lianping Dongrui Agricultural Development Co., Ltd. (referred to as "Lianping Dongrui") by 300 million yuan through the conversion of debt to equity, with the debt formed by the company’s own funds and self-raised funds amounting to 287.9 million yuan and the debt formed by the company’s raised funds amounting to 12.1 million yuan. After this capital increase is completed, the registered capital of Lianping Dongrui will increase from 300 million yuan to 600 million yuan, remaining a wholly-owned subsidiary of the company.
The company plans to increase capital for its wholly-owned subsidiary Zijin Dongrui Agricultural Development Co., Ltd. (referred to as "Zijin Agriculture") by 200 million yuan through the conversion of debt to equity, with all funding sourced from the company’s raised funds. After this capital increase is completed, the registered capital of Zijin Agriculture will increase from 200 million yuan to 400 million yuan, remaining a wholly-owned subsidiary of the company.
The company plans to increase capital for its wholly-owned subsidiary Heping Dongrui Agricultural Development Co., Ltd. (referred to as "Heping Dongrui") by 100 million yuan through the conversion of debt to equity, with the debt formed by the company’s own funds and self-raised funds amounting to 41.85 million yuan and the debt formed by the company's raised funds amounting to 58.15 million yuan. After this capital increase is completed, the registered capital of Heping Dongrui will increase from 50 million yuan to 150 million yuan, remaining a wholly-owned subsidiary of the company.
The company plans to increase capital for its wholly-owned subsidiary Heyuan Dongrui Meat Food Co., Ltd. (referred to as "Dongrui Meat") by 80 million yuan through the conversion of debt to equity, with all funding sourced from the company’s own funds and self-raised funds. After this capital increase is completed, the registered capital of Dongrui Meat will increase from 50 million yuan to 130 million yuan, remaining a wholly-owned subsidiary of the company.
