Chanjet Information Technology to Increase Capital Contribution to Associate

MT Newswires Live11-25

Chanjet Information Technology (HKG:1588) and Beijing Yonyou Ronglian Technology will increase their capital contribution to Beijing Chanjet Payment Technology by a total of 100 million yuan in proportion to their respective shareholdings, a Monday bourse filing said.

Following the cash injection, the company's capital contribution to Beijing Chanjet Payment Technology will increase to around 57.8 million yuan from 38.6 million yuan previously, with its shareholding remaining unchanged at 19.28%.

Beijing Chanjet Payment Technology will have a total registered capital of 300 million yuan following completion.

Beijing Yonyou Ronglian Technology and Beijing Chanjet Payment Technology are both units of Beijing Yonyou Technology, which is held by Wang Wenjing, a non-executive director of software firm Chanjet Information Technology.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment