Borui Pharmaceuticals: Plans to increase capital by 30 million yuan in its equity affiliate, Laitekang

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Recently, Borui Pharmaceutical announced that the company plans to invest an additional 30 million yuan in its associate company, Laitakang (Suzhou) Biopharmaceutical Co., Ltd., with a subscribed capital increase of 4.6119 million yuan. The remaining amount will be recorded as capital reserve of the target company. After this capital increase, the company will hold a 16.52181% stake in Laitakang. This transaction constitutes a related-party transaction, and Chairman Yuan Jiandong serves as a member of the decision-making committee of Langyu Yuanfeng Investment. The transaction does not constitute a major asset reorganization and does not require shareholder approval.

(Borui Pharmaceutical Announcement)

(Edited by: Yang Yan, Lin Chen)

Keywords: Healthcare

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