Zhejiang Founder Motor Co.,Ltd. (002196.SZ) has announced a capital increase of 210 million yuan for its wholly-owned subsidiary, Founder Motor (Deqing) Co., Ltd., to support the subsidiary's expanding production and operational funding needs.
Currently, the subsidiary's registered capital stands at 350 million yuan. Following the capital injection, the registered capital will rise to 560 million yuan, with the entity remaining a wholly-owned subsidiary of the company. The move is aimed at ensuring sufficient financial resources to underpin the subsidiary's growth initiatives.
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