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Xin Henghui: intends to subscribe with 100 million RMB to increase Rongxin Semiconductor's registered capital by 3.22M RMB
Xin Henghui announces plans to subscribe to 100M RMB to increase the registered capital of Rongxin Semiconductor (Ningbo) Co., Ltd. by 3.22M RMB. Based on this round of capital increase totaling 4 billion RMB, after the transaction is completed, the company will hold a 0.5882% stake in the target company.
The current shareholders of the target company include the company’s related party Beijing Junzheng Integrated Circuit Co., Ltd., Tibet Zhitong Venture Capital Co., Ltd., and Qingkong Yinxing Nantong Venture Capital Partnership (Limited Partnership).
Among the investors in this Series A financing of the target company are the company’s related parties, Powertech Technology Inc. (Group) Co., Ltd. and Beijing Junzheng. This investment constitutes an associated transaction.