Zhejiang Founder Motor Limited Company (002196.SZ) announced plans to increase capital in its wholly-owned subsidiary, Founder Motor (Deqing) Co., Ltd. (referred to as "Deqing Founder"), by 100 million yuan. The move aims to meet the subsidiary's expanded production and operational funding requirements.
Currently, Deqing Founder has a registered capital of 250 million yuan. Upon completion of the capital injection, its registered capital will rise to 350 million yuan. The subsidiary will remain fully owned by Zhejiang Founder Motor Limited Company.
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