Guizhou Aviation Technical Development (688239.SH) plans to inject 300 million yuan in capital into its subsidiary for the construction of a production base in Morocco.
Aviation Technology (688239.SH) announced that the company plans to use its own funds to make a capital contribution to its wholly-owned subsidiary Sichuan Delan Aviation Technology Development Co., Ltd. ("Delan Aviation"), with a total investment of 300 million yuan. This contribution will not increase Delan Aviation's registered capital, and all funds will be recorded in Delan Aviation's capital reserve after actual receipt. This capital increase is mainly to ensure the smooth progress and implementation of the company's Morocco industrial equipment parts forging production base construction project, which is being constructed and operated by a wholly-owned subsidiary of Delan Aviation as the implementing entity.
Guizhou Aviation Technical Development (688239.SH) announced that the company plans to use its own funds to make a capital contribution to its wholly-owned subsidiary Sichuan Delan Guizhou Aviation Technical Development Development Co., Ltd. (referred to as "Delan Hangyu"), with a total contribution of 300 million yuan. This contribution will not increase Delan Hangyu's registered capital, and all funds will be recorded in Delan Hangyu's capital reserve after actual receipt. This capital injection is mainly to ensure the smooth progress and implementation of the company's Morocco industrial equipment parts forging production base construction project, which is being constructed and operated by a wholly-owned subsidiary of Delan Hangyu as the implementing entity.
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