Zhengzhou Coal Mining Machinery (00564) plans to increase the capital of Zhiding Hydraulic by 1.95 billion yuan.

The Intelligent Financial News app reported that Zhengzhou Coal Mining Machinery Group (00564) announced that, according to the company's long-term plan for the coal mining machinery sector, its wholly-owned subsidiary Zhengzhou Coal Mining Machinery Intelligent Ding Hydraulic Co., Ltd. (hereinafter referred to as "Intelligent Ding Hydraulic") will act as the operating entity for the company's coal mining machinery business in the future. In order to meet the operational development needs of the future coal mining machinery business, the company plans to increase the capital of Intelligent Ding Hydraulic by 1.95 billion yuan. After the capital increase is completed, its registered capital will increase from 0.50 billion yuan to 2 billion yuan.