China Risun Group Ltd. (HK:1907) has released an update.
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.
For further insights into HK:1907 stock, check out TipRanks’ Stock Analysis page.