China National Software & Service to Add 450 Million Yuan Capital to E-Government Business Development Unit

MT Newswires Live2024-12-17

China National Software & Service (SHA:600536) plans to inject an additional 450 million yuan into the capital of subsidiary Chinasoft Information Technology Innovation, according to a Shanghai Stock Exchange disclosure on Monday.

Chinasoft IT offers regional e-government business development and promotion as well as maintenance of independent security-related projects.

The capital increase is part of plans to build Chinasoft IT's business headquarters.

After the capital increase, Chinasoft IT's capital will rise to 500 million yuan from 50 million yuan, the software developer said.

China National Software's shares slipped less than 2% in recent trade.

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