China Risun Group Ltd. (HK:1907) has released an update.
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China Risun Group Ltd. has announced a strategic capital increase of RMB 450 million in its subsidiary, Dingzhou Tianlu, by introducing ABC Investment as a new equity partner. This move aims to adhere to China’s supply-side reforms, optimize the company’s balance sheet, and improve its long-term competitiveness and sustainability. The capital will be used for debt repayment and the transaction will not exceed the 5% threshold as per Hong Kong Listing Rules, thus not requiring further regulatory compliance.
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