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7 months ago
BRIEF-Zhongbai to boost unit's capital, unit to increase capital of retail subsidiary
December 20, 2016 / 8:06 AM / 7 months ago

BRIEF-Zhongbai to boost unit's capital, unit to increase capital of retail subsidiary

1 Min Read

Dec 20 (Reuters) - Zhongbai Holdings Group Co Ltd

* Says it plans to boost unit's registered capital by 280 million yuan ($40.28 million) via debt-for-equity swap

* Says unit plans to boost registered capital of its retail subsidiary by 100 million yuan to 180 million yuan

Source text in Chinese: bit.ly/2hlC87k; bit.ly/2i44c3o

Further company coverage: ($1 = 6.9506 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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