ST Matsufa: Subsidiary company plans to invest 458 million yuan in the construction of shipbuilding and outfitting dock project.

On November 4th, ST Matsuhatsu announced that its subsidiary Hengli Marine Engineering plans to invest in the construction of a ship outfitting terminal project, with an estimated total investment of 458 million yuan and a construction period of approximately 12 months. On the same day, the company announced that in order to meet the operational development needs of its wholly-owned subsidiary, its wholly-owned subsidiary Hengli Heavy Industries plans to increase its capital to Hengli Shipbuilding by 2 billion yuan using its own and self-raised funds. After this capital increase is completed, the registered capital of Hengli Shipbuilding will increase from 10 billion yuan to 12 billion yuan.