Road Biology Environmental Protection's subsidiary Bozhou Road intends to implement capital increase and introduce investors
Road Biology Environmental Protection's wholly-owned subsidiary Bozhou Road intends to increase its capital and expand its shares, introducing Bozhou Ke Investment Fund and Bozhou Life Health Fund, which will contribute 20 million yuan and 10 million yuan, respectively. This capital increase will supplement Bozhou Road's operating funds, improve its asset-liability structure, deepen cooperation with local liquor companies, and expand the beef cattle breeding market, aligning with its long-term development strategy
According to the announcement from Road Biology Environmental Protection (688156.SH), its wholly-owned subsidiary Road Biology Environmental Protection Technology (Bozhou) Co., Ltd. (hereinafter referred to as "Bozhou Road Biology") plans to implement a capital increase and introduce investors. The Bozhou Science and Technology Transformation Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Bozhou Science and Technology Investment Fund") will contribute RMB 20 million in cash to subscribe for an additional registered capital of RMB 20 million in Bozhou Road Biology; the Bozhou Life and Health Industry Fund Partnership (Limited Partnership) (hereinafter referred to as "Bozhou Life and Health Fund") will contribute RMB 10 million in cash to subscribe for an additional registered capital of RMB 10 million in Bozhou Road Biology. The company waives its preemptive subscription rights for this capital increase.
The announcement states that the Bozhou Science and Technology Investment Fund mainly invests in high-tech fields such as biomedicine, focusing on various advanced technological achievements transformed in Bozhou. The Bozhou Life and Health Fund mainly invests in life and health fields such as modern medicine, modern traditional Chinese medicine, and medical devices, focusing on the pharmaceutical and health industry in Bozhou. The introduction of the Bozhou Science and Technology Investment Fund and the Bozhou Life and Health Fund by Bozhou Road Biology is beneficial for supplementing its operating capital, improving its asset-liability structure, while deepening cooperation with Anhui Gujing Gongjiu and local liquor companies in Bozhou regarding distiller's grain raw materials. It leverages the "Three Sevens and Hundreds" goal of revitalizing the beef cattle industry in Bozhou to explore the beef cattle breeding market in the Central Plains region, enhance market competitiveness, and align with long-term development strategic planning
