Core Viewpoint - COFCO Technology announced a capital increase for Jilin COFCO Biochemical Packaging Co., Ltd. to address financial pressures due to weak downstream market demand and reduced packaging material usage [1][3] Group 1: Capital Increase Details - The capital increase will not exceed 90 million yuan, utilizing COFCO Technology's own funds [2] - After the capital increase, the shareholding structure will change, with Changheng Co., Ltd. holding no less than 36.9603% and COFCO Technology holding no more than 63.0397% [2] Group 2: Financial Impact - The capital increase aims to effectively reduce the asset-liability ratio of Jilin COFCO Biochemical Packaging Co., Ltd., repay interest-bearing debts, enhance bank credit limits and financing capabilities, lower financing costs, and improve financial conditions [3]
中粮科技“真金白银”支持子公司,9000万增资减轻高负债压力