WCON Electronics to Inject Capital Into Subsidiary

MT Newswires Live
Sep 17

WCON Electronics (SHE:301328) will inject 65 million yuan in capital into subsidiary Dongguan Weixun Optoelectronics Technology, according to a Thursday filing with the Shenzhen bourse.

Following the injection, the subsidiary's registered capital will rise to 100 million yuan from 35 million yuan, equivalent to an 85% stake from a 57.14% stake.

Other shareholders waived their pre-emptive subscription rights. Dongguan Guangzhixun Enterprise Investment Partnership's stake fell to 11% from 31.43% while Yi Zhifei's stake fell to 4% from 11.43%.

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