Tiger Brokers

TDG Parent to Receive 90 Million Yuan Investment

MT Newswires Live
Yesterday

Electronic materials producer TDG (SHA:600330) controlling shareholder, Tiantong Gaoxin Group, has agreed to a capital injection of 90 million yuan in cash from Yinchuan Yinchuang Xingong Equity Investment Partnership.

Of the total, 6.22 million yuan will be allocated to registered capital to acquire a 4.23% stake in Tiantong Hightech, while the remaining 83.8 million yuan will be added to capital reserves, according to a Shanghai Stock Exchange filing Friday.

Following the capital increase, Tiantong Gaoxin's registered capital will rise to 147.20 million yuan from 141 million yuan.

Tiantong Hightech's direct shareholding in TDG remains unchanged at 10.5%.

TDG's shares fell nearly 4% in recent trade.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10