Biwin Storage Technology Co., Ltd.SSE: 688525

(688525)"BIWIN STORAGE TECHNOLOGY CO., LTD."Announcement on Progress of the Capital Increase and Share Expansion of Controlled Subsidiary through Introduction of Investors, Waiver of Pre-emptive Subscription Right by the Company and Joint Investment with Related Parties

· Issued by Biwin Storage Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 688525 · · 16 pages · Chinese

Summary by 6ix AI

Biwin Storage Technology Co., Ltd. has announced the progress of a capital increase and share expansion for its controlled subsidiary, Guangdong Xincheng Hanqi Semiconductor Technology Co., Ltd. The company will introduce external investors and waive its pre-emptive subscription rights, with the total financing amount expected to be significant. The filing details the agreements signed with investors, who will collectively acquire a substantial equity stake in the subsidiary. The document also outlines the risk factors associated with this transaction.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/688525biwin-storage-technology-co-ltdannouncement-on-progress-of-the-capital-increase-and-share-expansion-of-controlled-subsidiary-through-introduction-of-investors-waiver-of-pre-emptive-subscription-right-by-the-company-and-joint-investment-with-related-parties

Release

Announcement on Progress of the Capital Increase and Share Expansion of Controlled Subsidiary through Introduction of Investors, Waiver of Pre-emptive Subscription Right by the Company and Joint Investment with Related Parties

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

Link of Full Text for Reference:

Biwin Storage Technology Co., Ltd. on 6ix

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