Daye Shares announced that its controlling shareholder, Zhejiang Jindaye Holdings, plans to increase its stake in the company through centralized bidding within six months from the announcement date, with the increase amount ranging from no less than 20 million yuan to no more than 30 million yuan. The funding will come from a special stock increase loan and its own funds. Industrial Bank's Ningbo branch has issued a loan commitment letter to provide a special loan of up to 27 million yuan with a term of no more than 36 months. This increase does not set a price range and will be implemented based on market conditions.
Ningbo Daye Garden Machinery Co LtdControlling shareholder plans to increase stake, signaling confidence and providing support.
As the controlling shareholder, its planned stake increase is a positive signal for the company.
