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明新旭腾(605068.SH):拟向墨西哥子公司增资2000万美元

Mingxin Automotive Leather (605068.SH): plans to increase its capital to its Mexican subsidiary by $20 million.

Gelonghui Finance ·  Jun 13 05:07

On June 13th, GeLongHui reported that Mingxin Automotive Leather (605068.SH) announced its intention to increase the capital of Baoying (Mexico) by USD 20 million (about RMB 142.2 million calculated at an exchange rate of 7.11) in cash according to the shareholding ratio. The funds will mainly be used for equipment purchase and daily operation to support the rapid development of Baoying (Mexico). After this capital increase, the total investment of Baoying (Mexico) will increase from USD 9.8 million to USD 29.8 million, and it will still be a subsidiary within the scope of the company's consolidated financial statement.

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