Jidong Equipment (000856.SZ) plans to increase capital by 50 million yuan in its subsidiary Dunshi Construction.

Zhitong Finance APP News, Jidong Equipment (000856.SZ) has issued an announcement. In order to further enhance the market competitiveness of the company's wholly-owned subsidiary Tangshan Dunshi Construction Engineering Co., Ltd. ("Dunshi Construction") and expand the range of projects it can undertake, the company plans to make a cash capital increase of RMB 50 million to Dunshi Construction. After the capital increase is completed, Dunshi Construction's registered capital will increase from RMB 150 million to RMB 200 million, and it will remain a wholly-owned subsidiary of the company. This capital increase can further enhance Dunshi Construction's financial strength, strengthen its market competitiveness, and promote the improvement of its comprehensive competitiveness.