Junsheng Electronics: Agricultural Bank of China Investment intends to increase capital by 1 billion yuan to Junsheng in Anhui.
Junsheng Electronics Announcement: Agricultural Bank Financial Asset Investment Co., Ltd. plans to increase its capital by 1 billion yuan to its controlling subsidiary Anhui Junsheng Automotive Safety System Co., Ltd. after the capital increase, Agricultural Bank Investment will hold approximately 4.81% equity in Anhui Junsheng Safety. This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring. The transaction has been approved by the 40th meeting of the 11th Board of Directors of the company and does not require approval from the company's shareholders' meeting. The capital increase will mainly be used to repay shareholder loans provided by the company, and then the company will repay its own outstanding bank loans, reduce the overall debt level, reduce interest expenses, help the company steadily advance the continuous optimization of its debt structure, and further enhance the company's overall operational resilience and sustained profitability.
Latest

