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Borui Pharmaceuticals: Plans to increase capital by 30 million yuan in its equity affiliate, Laitekang
Recently, Borui Pharmaceutical announced that the company plans to invest an additional 30 million yuan in its associate company, Laitakang (Suzhou) Biopharmaceutical Co., Ltd., with a subscribed capital increase of 4.6119 million yuan. The remaining amount will be recorded as capital reserve of the target company. After this capital increase, the company will hold a 16.52181% stake in Laitakang. This transaction constitutes a related-party transaction, and Chairman Yuan Jiandong serves as a member of the decision-making committee of Langyu Yuanfeng Investment. The transaction does not constitute a major asset reorganization and does not require shareholder approval.
(Borui Pharmaceutical Announcement)
(Edited by: Yang Yan, Lin Chen)
Keywords: Healthcare