Rongsheng Petro Chemical’s (002493) subsidiary, Dalian Yisheng Investment, will inject 364 million yuan into Hainan Yisheng Petrochemical, reports stcn.com, citing a company filing.
 
Another three companies, Zhejiang Yisheng Petrochemical, Jinxing (Fujian) Chemical Fiber Industry, and Hangzhou Yingliang Trading, will respectively inject 517 million yuan, 150 million yuan, and 38 million yuan into Hainan Yisheng. Meanwhile, Yingliang Trading will transfer 70 million yuan of its existing capital of 170 million yuan in Hainan Yisheng to Jinxing Chemical Fiber.
 
Hainan Yisheng’s registered capital will boost to 1.38 billion yuan after all these injections are done. Zhejiang Yisheng, Dalian Yisheng, Jinxing Chemical Fiber, and Yingliang Trading will respectively hold 37.5 percent, 37.5 percent, 15 percent, and 10 percent stake in Hainan Yisheng.


SOURCE: capitalvue.com


 
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