Hongxin Electronics: Its holding subsidiary Wuxi Suihong plans to increase capital and expand its share issuance by introducing strategic investors

Mars Finance News: On June 17, Hongxin Electronics announced that its controlling subsidiary, Wuxi Suihong Huachuang Technology Co., Ltd., plans to introduce strategic investors through a capital increase and share expansion. The investor is Wuxi Xindistrict Kechanyuan Zhi Investment Partnership (Limited Partnership). The investor’s contribution will be 500 million yuan, and the pre-investment valuation is 3 billion yuan. After this capital increase is completed, Wuxi Suihong will still be a controlling subsidiary of the company, which will not result in any changes to the scope of consolidated financial statements. (Company Announcement)
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