ShenZhen Woer Heat-Shrinkable Material (SHE:002130, HKG:9981) controlled subsidiary Leting Zhilian will undertake a 300-million-yuan capital increase at 20.09 yuan per unit of registered capital.
The company will contribute 285.0 million yuan, while Dongguan Jinhuihuang will invest 12.4 million yuan and Lerong No. 5 will contribute 2.6 million yuan.
Leting Zhilian's registered capital will rise to 138.7 million yuan from 123.7 million yuan. Woer Heat-Shrinkable Material's stake will increase to 94.39% from 94.32%.
Dongguan Jinhuihuang is controlled by Chair Zhou Heping and Vice Chair Yi Huarong.
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