Baida Precision(SH:603331) Zheng Quan Zhi Xing·2025-04-03 08:24Core Viewpoint - Zhejiang Baida Precision Engineering Co., Ltd. has decided to increase the registered capital of its wholly-owned subsidiary, Taizhou Baida Electric Co., Ltd., by RMB 50 million to support its business development [1][2]. Group 1 - The capital increase will raise the registered capital of Taizhou Baida Electric from RMB 222.533179 million to RMB 272.533179 million [2]. - The new business license obtained from the Taizhou Market Supervision Administration allows the subsidiary to engage in various manufacturing and processing activities, including general parts manufacturing, gas compression machinery manufacturing, and metal surface treatment [2]. - The decision for the capital increase was approved by the company's general manager's office and does not require further approval from the board of directors or shareholders [1].