Shenzhen Kedali Industry (SHE:002850) will inject 400 million yuan of capital into its two wholly owned subsidiaries, Sichuan Kedali and Fujian Kedali, to support operational needs and growth plans.
Each unit will receive 200 million yuan, raising registered capital to 700 million yuan for Sichuan Kedali and 400 million yuan for Fujian Kedali, according to a Tuesday filing with the Shanghai bourse.
Shares of the lithium battery precision structural part manufacturer were down 4% in recent trade.
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