The wholly-owned subsidiary of Fuyao Glass receive

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Fuyao Glass's wholly-owned subsidiary received a capital increase of US $18million

Fuyao Glass announced on the evening of September 23 that due to the need for capital for the production and operation of Fuyao Glass (Chongqing) Co., Ltd. (hereinafter referred to as "Fuyao Chongqing"), a wholly-owned subsidiary of the company, the company and its indirect 100% holding subsidiary meadland Limited jointly increased the capital of Fuyao Chongqing by US $18million. After the completion of this capital increase, the registered capital of Fuyao Chongqing increased from US $17million to US $35million. That is, suitable for the batch detection and sorting of springs on the production line

the capital increase of Fuyao Chongqing, a wholly-owned subsidiary of the company, is to ensure the capital needs of Fuyao Chongqing's production and operation, further promote the sustainable and stable development of Fuyao Chongqing, enhance its competitiveness, and is conducive to the long-term development of the company. China glass () department

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