Nov 17, 2021 04:58 PM (GMT+8) · EqualOcean
Cailian, Nov. 17 (Xinhua) -- times new material announced that the company's holding subsidiary Zhuzhou Times Huaxian Material Technology Co., Ltd. ("times Huaxian") plans to integrate capital through capital increase and share expansion, with a capital increase of 190 million yuan. Among them, the company plans to increase its capital to time Huaxian with the creditor's rights of its holding subsidiary time Huaxian of 90 million yuan. Time Huaxian plans to introduce external strategic investors through public listing in Beijing property right exchange, with a capital increase of 100 million yuan (the newly introduced external strategic investors account for no more than 19.82% of the shares, and the final delisting result shall prevail), debt to equity swap The listing price is determined based on the appraisal value of Shidai Huaxian assets.