Levima Advanced Materials Corporation plans to increase capital of 150 million yuan to the Institute of Science and Technology.
Lianhongxinke (003022.SZ) announced that biodegradable materials are one of the key strategic directions for the company's development. Its holding subsidiary, Jiangxi Institute of Science Bio New Materials Co., Ltd. (referred to as "Institute of Science Bio" or "target company"), is mainly engaged in the research, development, production, and sales of lactic acid and polylactic acid. In order to accelerate the company's strategic layout and development, supplement the working capital of the Institute of Science Bio, and improve its asset-liability structure, the company plans to increase the capital of the Institute of Science Bio by 150 million yuan with its own funds, while other shareholders of the Institute of Science Bio will not participate in this capital increase simultaneously.
Levima Advanced Materials Corporation (003022.SZ) announced that biodegradable materials are one of the company's strategic development focuses. The company's controlling subsidiary, Jiangxi Institute of Biomedical New Materials Co., Ltd. (referred to as "Institute of Biomedical" or "Target Company"), is mainly engaged in the research, development, production, and sales of lactic acid and polylactic acid. In order to accelerate the company's strategic layout and development, supplement the working capital of Institute of Biomedical, and improve its asset-liability structure, the company plans to increase its capital by 150 million yuan to Institute of Biomedical with its own funds, and other shareholders of Institute of Biomedical will not participate in this capital increase.
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