Juhua New Materials eyes expansion with capital increase

Gansu Juhua New Materials Co., Ltd., a subsidiary of Zhejiang Juhua (SSE: 600160), is planning a capital increase and share expansion, according to a recent asset appraisal report. The move aims to provide financial backing for the company's expansion plans. The appraised value of the shareholder's equity is 100,040,600 yuan. The evaluation, based on assets, reflects a slight increase of 225,000 yuan, or 0.23%, from the book value, primarily driven by increases in current assets. This financial restructuring is designed to support future development initiatives in the new materials sector. The audit report was supplied by Beijing Dahua International Certified Public Accountants.