SMM: recently, Tongling Nonferrous issued a notice on the wholly owned subsidiary copper crown copper foil capital increase and the introduction of strategic investors.
According to the business needs, the copper crown copper foil intends to increase capital and shares and is publicly listed through the property rights exchange approved by the Anhui Provincial State-owned assets Supervision and Administration Commission to introduce a strategic investor, the announcement said. This capital increase and share expansion, the new registered capital of 21.761658 million yuan, raised funds of no less than 102.87 million yuan, after the capital increase, the corresponding proportion of investors is 3.5%. The company waives the right to subscribe for the above capital increase and share expansion.
The ownership structure of the capital increase enterprises before and after the capital increase is as follows:
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