Chongqing Sokon Industry Group Stock (601127.SH) is planning to increase its capital of 5 billion yuan for Chongqing Sokon Industry Group Stock automotive sector.

Chongqing Sokon Industry Group Stock (601127.SH) announced that in order to enhance the capital strength of Chongqing Sokon Industry Group Stock's automotive business and meet its needs for sustainable high-quality development, the company plans to increase the capital of Chongqing Sokon Industry Group Stock's automotive business by RMB 5 billion using its own funds. After the capital increase, the registered capital of Chongqing Sokon Industry Group Stocks automotive business will be RMB 9.96 billion, and it will remain a wholly-owned subsidiary of the company.