Shenzhen S.C New Energy Technology Corporation (300724.SZ) plans to increase Rin Yang's capital by 720 million yuan through debt-to-equity conversion.

Shenzhen S.C New Energy Technology Corporation (300724.SZ) announced that the company plans to increase its capital in Runyang Holdings through debt-to-equity conversion, with a total amount of 720 million RMB in convertible debt. After the capital increase, the company will hold 40.5 million shares of the target company, accounting for 8.0899% of the total after conversion. The announcement stated that the purpose of this investment is to quickly resolve customer debt issues, accelerate the collection of company receivables, reduce bad debt risks, optimize the company's financial structure, and strengthen cooperation with customers.