Shandong Buchang Pharmaceuticals (603858.SH) plans to increase capital by 3.64 million yuan in its subsidiary Buchang Chicheng Trading.

Zhitong Finance APP News: Buchang Pharmaceuticals (603858.SH) announced that, in order to further enhance the comprehensive competitive strength of its controlling subsidiary Jinan Buchang Chicheng Trading Co., Ltd. (referred to as "Buchang Chicheng Trading"), the company plans to join with other shareholders of Buchang Chicheng Trading to make a total cash capital increase of RMB 4 million in Buchang Chicheng Trading at a price of RMB 1 per share, in proportion to their existing shareholding ratios. After the capital increase is completed, the registered capital of Buchang Chicheng Trading will increase to RMB 5 million. Among this, the company will contribute RMB 3.64 million to increase capital in Buchang Chicheng Trading.