365 Network: Microfinance Company Plans to Reduce Capital by 24.5 Million Yuan

On October 11, Jin10 Data reported that 365Wang announced that its subsidiary, Nanjing 365 Internet Technology Micro Loan Co., Ltd., which is controlled by Cornerstone Investment, plans to withdraw. It unilaterally reduces all of its investment of CNY 24.5 million in the micro loan company, while the company's investment of CNY 396 million remains unchanged. After the capital reduction, the registered capital of the micro loan company will be reduced from CNY 420 million to CNY 396 million, becoming a wholly-owned subsidiary of the company. This capital reduction does not constitute a related party transaction or a major asset restructuring.

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