Tecon Biology Co. Ltd announced that the company plans to increase the capital of its wholly-owned subsidiaries, Tecon Fodder, Tecon Livestock, and Hongzhan Industry, by a total of 2.1 billion yuan through debt-for-equity swaps. According to the company's operational needs, it aims to rationally optimize the asset-liability structure of its wholly-owned subsidiaries, enhance their capital strength, improve the efficiency of fund utilization, strengthen their financing and risk resistance capabilities. The amount of this capital increase is the cash debt rights that the company holds in the above-mentioned companies. After the capital increase, the registered capital of the above-mentioned companies will increase while the equity structure remains unchanged.
天康生物：拟以债转股方式对全资子公司增资共计21亿元
Tecon Biology Co. Ltd: Intends to increase the capital of its wholly-owned subsidiary by debt-for-equity swaps totaling 2.1 billion yuan.
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