Western Construction: Plans to increase the capital of its wholly-owned subsidiary by 90 million yuan.
Western Construction Announcement: In order to support the development of its subsidiary companies and optimize their capital structure, the company plans to increase the capital of its wholly-owned subsidiary, China Western Construction Building Materials Research Institute Co., Ltd., by 90 million yuan in cash. After this capital increase, the registered capital of the research institute will increase from 170 million yuan to 260 million yuan, and the company will still hold 100% equity in it.
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