Xingtong Co., Ltd.: Plans to invest 51 million yuan to increase capital in Shanghai Xingtong Chain Development

MetaMuskRat · 2026-03-20T12:20:31+00:00

Xingthong Co., Ltd. announced that it plans to jointly increase capital with its subsidiary by 100 million yuan to purchase a 25,900 DWT stainless steel chemical tanker, with the company contributing 51 million yuan. After the capital increase, the registered capital will increase to 356 million yuan, with the company maintaining a 51% shareholding ratio.

MetaMuskRat

2026-03-20 12:20:31

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People’s Financial News, March 20 — Xingtong Co., Ltd. (603209) announced on March 20 that the company plans to increase its capital in Shanghai Xingtong Chain Development Co., Ltd. in proportion to its minority shareholder, Xiamen Jianfa Supply Chain Logistics Technology Co., Ltd. The total amount of this capital increase is 100 million yuan, which will be fully invested by Shanghai Xingtong Chain Development into its wholly owned subsidiary, Xingtong Heron Shipping PTE. LTD., for the purchase of a 25,900 DWT under-construction stainless steel chemical vessel. The company will contribute 51 million yuan in cash. After the capital increase, the registered capital of Shanghai Xingtong Chain Development will rise to 356 million yuan, with the company’s shareholding ratio remaining unchanged at 51%.

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