Shenzhen Kedali Industry (SHE:002850) completed a capital injection of 400 million yuan into wholly owned subsidiary Hubei Kedali Precision Industry, raising its registered capital to 700 million yuan.
The lithium battery precision structural parts manufacturer converted part of the 2023 private placement loans into equity to undertake the move, according to a Thursday filing with the Shenzhen bourse.
Hubei Kedali Precision Industry focuses on hardware, auto parts and mold manufacturing.
Shares of Kedali Industry closed 2% lower Thursday.
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