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北京控股(00392.HK):北控集团财务拟获人民币22.5亿元增资

Beijing Holdings (00392.HK): Beijing Control Group Finance plans to increase capital by RMB 2.25 billion

財華社 ·  Dec 31, 2021 04:02

[Caihua Social News] Beijing Holdings (00392.HK) announced that on December 31, 2021, Beijing Control Group Finance and its shareholders (including Beijing Control Group, Beijing Gas, Yanjing Beer, Company, Jingtai Investment, Beijing Water Control and Municipal Council) entered into a capital increase agreement, according to which, the shareholders of Beijing Control Group Finance have agreed to increase the financial capital of Beijing Control Group by a total of RMB 2.25 billion according to their shareholdings. The company will pay about RMB 200 million in cash to Beijing Control Group Finance in accordance with the capital increase agreement, all of which will be funded by the company's internal resources.

After the completion of the capital increase, the company's two subsidiaries, Beijing Gas and Yanjing Beer, and the company's shareholding in Beijing Control Group Finance remained unchanged at 24.80%, 11.08% and 8.91%, respectively.

As a financial service institution, the finance of Beijing Control Group can become a platform for the members of Beijing Control Group to communicate with each other through financial products such as deposit absorption, loan issuance, entrusted operation and so on. After this capital increase, the financial strength and anti-risk ability of the finance of Beijing Control Group have been further improved, and the ability of financial services has been further strengthened. by accepting the financial services provided by the finance of Beijing Control Group, the group will better broaden the financing channels, reduce financing costs, improve capital efficiency, and strengthen the ability to resist capital risks. In addition, the financial capital adequacy ratio of Beijing Control Group is high, and it has a relatively stable industry income. As its shareholder, the group can get a relatively stable return on investment.

As at the date of this announcement: (I) the company indirectly holds all equity interests in Beijing Gas and approximately 57.40% equity interests in Yanjing Beer, both of which are subsidiaries of the company. And (ii) Beijing Control Group is considered to hold 62.31% equity interest in the company and is the ultimate controlling shareholder of the company, while Jingtai Investment and Municipal Yuan are subsidiaries of Beijing Control Group, and Beijing Control Group Finance is the contact person of Beijing Control Group. Therefore, the Beijing Control Group, Jingtai Investment, the Municipal Yuan and the Finance of the Beijing Control Group are all connected persons of the company.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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