Globus New Materials International (06616.HK): Chongqing International plans to invest 500 million yuan in Qise Lu Village

Wisdom Financial News App News, Universal Advanced Materials International (06616.HK) announced that on May 24, 2025, Qise Lu Zhai (an indirectly non-wholly-owned subsidiary of the company) entered into a capital increase agreement with Chongqing International (acting on behalf of trust). According to this agreement, Chongqing International agreed to inject RMB 500 million into Qise Lu Zhai, of which RMB 131.159 million will be used to increase its registered capital, and RMB 487 million will be used for its capital reserves. After completion, the registered capital of Qise Lu Zhai will increase from RMB 131 million to RMB 144 million, with existing shareholders holding approximately 90.91% as of the date of this announcement and Chongqing International holding approximately 9.09%.