Saurer Intelligent Technology (600545.SH) subsidiary plans to increase capital by 900 million yuan for Zhuolang Xinjiang.
Zhuolong Intelligent (600545.SH) announced that, based on the future business development needs of Zhuolong Xinjiang Intelligent Machinery Co., Ltd (referred to as "Zhuolong Xinjiang"), to support its daily operations and business development, the company's wholly-owned subsidiary Zhuolong Intelligent Machinery plans to increase its capital to its subsidiary Zhuolong Xinjiang in the amount of 900 million yuan, with the funding coming from its own funds, fixed assets, debt-to-equity swaps, etc.
Saurer Intelligent Technology (600545.SH) announced that, based on the future operational needs of its subsidiary Zolong Xinjiang Intelligent Machinery Co., Ltd. ("Zolong Xinjiang"), to support its daily operations and business development, the company's subsidiary Saurer Intelligent Technology Mechanical intends to increase its capital in its wholly-owned subsidiary Zolong Xinjiang. The amount of the capital increase is 900 million RMB, and the funding will come from self-owned funds, fixed assets, debt-to-equity swaps, etc.
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