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Tianbao Infrastructure (000965.SZ): Plans to increase capital contribution to its wholly owned subsidiary, Tianbao Deyuan.
Gelonghui, June 5 — Tianbao Infrastructure Co., Ltd. (SZSE: 000965) announced that, in order to meet the operational and business development needs of its subsidiary and enhance the subsidiary’s capital strength, Tianjin Binhai Kaiyuan Real Estate Development Co., Ltd. (“Binhai Kaiyuan”), a wholly owned subsidiary of Tianjin Tianbao Infrastructure Co., Ltd., intends to increase its investment in Tianjin Tianbao Deyuan Real Estate Development Co., Ltd. (“Tianbao Deyuan”), a wholly owned subsidiary of Binhai Kaiyuan, by RMB 8,549.898 million using its own funds. The entire amount will be recorded as additional paid-in capital and will not increase the registered capital of Tianbao Deyuan. Following this capital injection, Binhai Kaiyuan will continue to hold 100% equity interest in Tianbao Deyuan.
Tianbao Infrastructure (000965.SZ): Plans to jointly reduce capital in its controlling subsidiary, Tianbao Chuangyuan, together with its controlling shareholder.
Gelonghui, June 5 — Tianbao Infrastructure Co., Ltd. (SZSE: 000965) announced that, in accordance with the company’s operational and development needs and the actual business operations of its subsidiary, Tianjin Tianbao Infrastructure Co., Ltd. intends to jointly carry out a proportional capital reduction in cash, alongside its controlling shareholder Tianjin Tianbao Holding Co., Ltd. (hereinafter referred to as “Tianbao Holding”), for its majority-owned subsidiary Tianjin Tianbao Chuangyuan Real Estate Development Co., Ltd. (hereinafter referred to as “Tianbao Chuangyuan”). The total amount of the capital reduction is RMB 1 billion, of which the company holds a 55.7325% equity interest in Tianbao Chuangyuan and will reduce its capital contribution by RMB 557.325 million, while Tianbao Holding
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