Changlu Aluminum issued an announcement that in accordance with the strategic development needs of its wholly-owned subsidiary, Changshu Changlu Aluminum Sales Co., Ltd. (referred to as “Changlu Sales”), it will increase the capital of Changlu Sales by RMB 2500 million with its own funds. After completion, Changlu’s registered capital for sales will increase from RMB 500 million to RMB 3000 million, and the company will still hold 100% of its equity.
Link to this article：Changlu Co., Ltd. increased its capital by 2500 million yuan in its wholly-owned subsidiary
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