Sanyou Chemical's parent injects CNY 100m into subsidiary

Tangshan Sanyou Chemical Industries (SSE:600409) announced that its controlling shareholder, Sanyou Alkali (Group) Co., Ltd., will inject CNY 100 million into its subsidiary, Tangshan Sanyou Silicon Industry Co., Ltd. The investment will be made through a non-public agreement based on an assessed value, with Sanyou Alkali subscribing to 28,117,987 new shares of Sanyou Silicon. Existing shareholders, including Tangshan Sanyou Chemical and its subsidiary Tangshan Sanyou Chlor-Alkali, will not participate in the capital increase.