Guoxuan High-tech to increase investment on Tianjin Hengtian by creditor's rights of RMB210 million
2020-12-28 15:44:28 [Print]
On the evening of December 25, Guoxuan High-tech released an announcement that the company deliberated and approved to terminate fund-raising for the construction program of electric vehicles' powertrain controlling system. Meanwhile, Hefei Guoxuan planned to increase investment on Tianjin Hengtian by account receivable creditors' rights of RMB213.7 million (USD32.72 million) in total. When the investment is completed, Hefei Guoxuan will hold 63.50% of equity of Tianjin Hengtian.
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