Luyin Investment's controlling subsidiary, Luyin Heze Salt Industry Company Limited, plans to increase capital and expand shares through public listing, selectively introducing one strategic investor, with the capital increase amount not less than 333.47 million yuan. The company and the other two shareholders of Heze Salt Industry, Heze Energy and Mineral Resources Group Company Limited and Heze Shanzhou Industrial Development Group Company Limited, have all waived their preemptive subscription rights for this capital increase. Of the capital increase funds, 333.33 million yuan will be included in registered capital, with the excess included in capital reserves. After the capital increase is completed, Heze Salt Industry will remain a controlling subsidiary of Luyin Investment, and the scope of consolidated financial statements will remain unchanged. This introduction of a strategic investor from the chemical industry aims to promote the company's extension of the salt industry chain and improve its industrial layout.
Luyin Investment Group Co LtdPlans capital increase to bring in strategic investor, strengthening salt industry chain.
