Siasun Robot & Automation's Subsidiary, Dian Shi Technology, Plans to Increase Capital and Introduce Investors

Stock News07-17

Siasun Robot & Automation Co., Ltd. (ASX: 300024) has announced that its wholly-owned subsidiary, Shenyang Siasun Dian Shi Technology Co., Ltd., intends to introduce a minimum of three investors through a public listing on the Beijing Property Rights Exchange.

The plan involves an increase in capital and share expansion, with the total investment amount targeted to be no less than RMB 50 million.

Following the completion of this capital increase, Dian Shi Technology will cease to be consolidated within the company's financial statements.

The objective of this move is to foster further growth and expansion within the company's industrial cleaning robotics product segment.

By bringing in new investors, Dian Shi Technology aims to strengthen its capital base, enhance its developmental momentum, leverage the investors' resources to broaden its market reach, improve profitability, and simultaneously reduce operational risks.

This strategy is expected to accelerate the business market expansion of Dian Shi Technology, facilitating a collaborative effort between the company and its investors to support the healthy development of the subsidiary's operations.

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