Xuguang Electronics Injects 218M Yuan Into Subsidiary

Date:2011-09-03     Source:wewlile  Text Size:

September 2 -- Chengdu Xuguang Electronics (600353) plans to inject 218 million yuan into its wholly-owned subsidiary, Chengdu Yifang Investment.

Chengdu Yifang Investment’s registered capital will increase by 40 million yuan to 50 million yuan after Xugang Electronics injects capital, which includes 10 million yuan in cash and 30 million yuan worth of fixed assets and land use rights of its old factory. It will book the remaining capital of 178 million yuan on capital reserves.

Xuguang Electronics now has since moved to a new factory site, where it will focus on its major businesses.

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