Guanghui Logistics (SHA:600603) said China CITIC Financial Asset Management (HKG:2799) will inject 900 million yuan into its controlled subsidiary, Xinjiang Hongnaosan Railway.
China CITIC Financial Asset Management will subscribe for 810 million yuan in new registered capital, with the remainder recorded as capital reserve.
The move will reduce Guanghui Logistics' stake to 74% from 87%.
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