August 11 -- Fuyao Group Glass Industries (600660) and its Hong Kong subsidiary intend to inject 150 million yuan into the former's subsidiary, Chongqing Wansheng Float Glass, reports China Business News, citing a company filing.

Of the total, Fuyao Group Glass will invest 112.5 million yuan, while its Hong Kong subsidiary will inject 37.5 million yuan.

Fuyao Group had spent 157 million yuan to acquire Wansheng Float Glass last year.

Separately, Fuyao Group’s Hong Kong subsidiary intends to spend 11.35 million yuan to acquire a 25 percent stake in Fuyao Group Machinery Manufacturing from Fuhui Trade (Hong Kong).

Source:CapitalVue