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Express News | Soochow: The supply and demand conflicts in the Glass Industry have been temporarily alleviated.
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Express News | Soochow: Through its wholly-owned subsidiary Soochow Innovation Capital, it jointly increased capital in Suzhou Asset Management with related parties.
Soochow Securities (601555.SH): Suzhou Asset Management plans to increase registered capital for existing Shareholders.
On December 13, Gelonghui reported that Soochow Securities (601555.SH) announced that Soochow Securities and Soochow Innovation Capital together hold 20% equity in Suzhou Asset Management. Suzhou Asset Management intends to increase its registered capital targeted at existing shareholders. Soochow Securities will collaborate with Guofa Group, the Park Economic Development, and other related parties to increase the capital of Suzhou Asset Management at the appraised price (1.52 yuan/share) through its wholly-owned subsidiary, Soochow Innovation Capital, of which Soochow Innovation Capital will contribute 239.1536 million yuan from its own funds. The participation price of Soochow Innovation Capital in the capital increase has a premium of 15.11% compared to the net asset value of Suzhou Asset Management on its books. Some shareholders of Suzhou Asset Management intend to participate in this capital increase.
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