SOKAN: The holding subsidiary Hunan Sandi plans to increase capital and introduce strategic investors
SOKAN announced that its controlling subsidiary, Hunan Sandi Digital Coating System Co., Ltd., plans to increase its capital and introduce strategic investors. Hunan Xiangjiang SOKAN New Materials Industry Investment Partnership, as the investor, intends to invest RMB 28.6725 million in Hunan Sandi, of which RMB 6.470589 million will be used for the new registered capital, and the remaining RMB 22.201911 million will be included in the capital reserve, acquiring 20% equity in Hunan Sandi after the capital increase. The company and other existing shareholders waive their preemptive rights for this capital increase in Hunan Sandi
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