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Suzhou High-tech: The company's wholly-owned subsidiary plans to increase its capital by 780 million yuan through debt-to-equity swap to the controlling company Xin Junjie Company.
Suzhou High-tech announced that its wholly-owned subsidiary, Suzhou Xinqi Enterprise Management Co., Ltd., plans to increase its capital by 780 million yuan through debt-to-equity conversion to the controlling company, Changzhou Xinjunjie Real Estate Development Co., Ltd., and Changzhou Lujin Real Estate Development Co., Ltd. plans to increase its capital by 520 million yuan. After the capital increase, Changzhou Xinjunjie Real Estate Development Co., Ltd.'s registered capital will increase to 1.32 billion yuan, and Suzhou Xinqi Enterprise Management Co., Ltd. will still hold a 60.00% stake.