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Fulin Precision Engineering: Co-invested with CATL in a subsidiary, reducing the shareholding to 64.3653%
Fulin Precision announces that the company and CATL plan to jointly increase the capital of the company’s controlling subsidiary, Jiangxi Shenghua. The company intends to convert its 500 million yuan debt to Jiangxi Shenghua into capital contribution, subscribing to an additional registered capital of 407 million yuan; CATL plans to make a cash capital increase of 747 million yuan, subscribing to an additional registered capital of 607 million yuan. After the capital increase, Jiangxi Shenghua’s registered capital will increase to 2.868 billion yuan, the company’s shareholding ratio will decrease to 64.3653%, and CATL’s shareholding ratio will increase to 33.0000%.