HUALAN BIOLOGICAL plans to increase its investment in its affiliated company HUALAN GENETICS by 200 million yuan
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HUALAN BIOLOGICAL announced that it will increase its investment in its affiliated company HUALAN Gene by 200 million yuan. HUALAN Gene currently has a registered capital of 200 million yuan, with HUALAN BIOLOGICAL holding a 40% stake. The gene company plans to raise 500 million yuan, of which 100 million yuan will be used for registered capital and 400 million yuan for capital reserves. After the capital increase, the shareholding ratio of HUALAN BIOLOGICAL and its actual controller Mr. An Kang will remain unchanged
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