ANHUI EXPRESSWAY (00995) plans to increase its investment in the traffic control information industry by 95 million RMB, increasing its shareholding ratio to 36.76%.
Anhui Wanjie Expressway (00995) announced that the company plans to increase its capital with self-raised funds and its controlling shareholder Anhui Province Transportation Holding Group Co., Ltd. (hereinafter referred to as "Anhui Transportation Holding Group") to jointly increase the capital of its shareholding company Anhui Transportation Information Industry Co., Ltd. (hereinafter referred to as "Transportation Information Industry" or "target company"). This capital increase will be subscribed by the company and Anhui Transportation Holding Group with 95 million yuan each, corresponding to the registered capital of the target company of 60.6383 million yuan. The amount exceeding the registered capital will be included in the capital surplus of the target company. After this transaction is completed, the company's shareholding ratio will increase from 10% to 36.76%.
ANHUIEXPRESSWAY (00995) announced that the company plans to increase its stake in Anhui Jiaokong Information Industry Co., Ltd. (referred to as Jiaokong Information Industry or the Target Company) jointly with its controlling shareholder Anhui Provincial Transportation Holding Group Co., Ltd. (referred to as Anhui Jiaokong Group) using self-raised funds.
This capital increase will be subscribed by the company and Anhui Jiaokong Group to increase the registered capital of the Target Company by RMB 95 million to RMB 60.63 million. The excess amount invested above the registered capital will be included in the Target Company's capital reserves. After this transaction is completed, the company's shareholding ratio will increase from 10% to 36.76%.
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