STARMASK plans to increase its investment in its subsidiary Zhuhai STARMASK by 300 million yuan
STARMASK announced that it will increase its capital by 300 million yuan to its wholly-owned subsidiary Zhuhai STARMASK to support the construction of listed fundraising projects and enhance its capital strength and operational capabilities. After the capital increase, Zhuhai STARMASK's registered capital will rise from 300 million yuan to 600 million yuan, and STARMASK will still hold 100% of its equity
According to the announcement from Zhitong Finance APP, STARMASK (688721.SH) has stated that its wholly-owned subsidiary Zhuhai STARMASK is the main body for the construction of the company's fundraising project. In order to ensure the project's construction needs and the smooth progress of related projects, enhance the capital strength of Zhuhai STARMASK, improve its operational capabilities, and refine the company's strategic planning, the company plans to increase its capital by RMB 300 million to Zhuhai STARMASK using its own funds. After this capital increase, the registered capital of Zhuhai STARMASK will rise from RMB 300 million to RMB 600 million. After the capital increase is completed, the company will still hold 100% equity of Zhuhai STARMASK, which will remain a wholly-owned subsidiary of the company
