RIFA PM(SZ:002520) Zheng Quan Zhi Xing·2025-05-22 11:10Overview - The company, Zhejiang Rifa Precision Machinery Co., Ltd., has approved a capital increase for its wholly-owned subsidiary, Rifa Machinery (Hong Kong) Co., Ltd., to enhance its business operations and competitiveness [1][2]. Capital Increase Details - The capital increase involves an investment of €6 million (approximately 600 million euros) to supplement working capital, raising the registered capital of Rifa Hong Kong from €6.05 million to €12.05 million [1][4]. - The total number of shares remains unchanged at 50,000 [4]. Subsidiary Information - Rifa Hong Kong holds 100% equity in both the Italian company MCM and Zhejiang Maichuang Precision Machine Tool Co., Ltd. [1][3]. - The subsidiary was established on August 19, 2016, and operates in investment, consulting, and import-export trade [3]. Financial Performance - As of the latest audited financials, Rifa Hong Kong reported total revenue of approximately ¥691.38 million and a net loss of approximately ¥170.19 million [4]. - The total assets were approximately ¥858.19 million, with total liabilities of approximately ¥822.03 million, resulting in a net asset value of approximately ¥36.15 million [4]. Purpose and Impact of Capital Increase - The capital increase aims to support the business expansion of Rifa Hong Kong's subsidiaries, enhance credibility, improve brand image, and expand market coverage and competitiveness [6]. - The funding will come from the company's own resources and is not expected to adversely affect the company's future financial status or operating results [6]. Investment Context - The total amount of external investments by the company, including this capital increase, has reached 10% of the latest audited net assets within the past twelve months [6].