Fulai New Materials (605488.SH) announced that the company plans to use its own capital of 21 million yuan to promote the package in Yantai...
According to Zhitong Finance App, Fulai New Materials (605488.SH) announced that the company plans to increase the capital of Yantai Zhanyang Packaging Products Co., Ltd. (“Yantai Zhanyang” or “Yantai Zhanyang Company” or “target company”) with its own capital of 21 million yuan. After the completion of this capital increase, Yantai Zhanyang's registered capital will increase from 20 million yuan to 41 million yuan, and the company will hold 51.22% of Yantai Zhanyang's shares and include it in the scope of the company's consolidated statement.
This capital increase is based on the company's development strategy plan. In order to make better use of the advantages of industrial chain integration and enhance the company's market competitiveness, it meets the needs of the company's overall development.