Do-Fluoride New Materials (002407.SZ) Plans to Invest 1 Billion Yuan in Subsidiary Guangxi Ningfu to Boost New Energy Battery Business

Stock News12-11

Do-Fluoride New Materials Co., Ltd. (002407.SZ) announced that its board of directors has approved a proposal to increase capital in its subsidiary, Guangxi Ningfu New Energy Technology Co., Ltd. ("Guangxi Ningfu"). The company plans to inject 1 billion yuan to subscribe to 833 million yuan in newly added registered capital, with the remaining 167 million yuan to be recorded as capital reserve. Other shareholders of Guangxi Ningfu have waived their preemptive rights to participate in this capital increase.

Following the transaction, Do-Fluoride's stake in Guangxi Ningfu will rise from 70.2916% to 77.4494%, maintaining its status as the controlling shareholder. The company stated that this strategic investment aims to accelerate the healthy and rapid development of its new energy battery business segment.

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