Zhongtian Technology subsidiary raises capital to 120m yuan

Jiangsu Zhongtian Technology announced its subsidiary Zhongtian Ocean Systems completed a capital increase on July 23, raising registered capital from 100 million yuan to 120 million yuan.

The 48.74 million yuan investment came from Zhongtian Jintou, a wholly-owned subsidiary of Zhongtian Technology, and an employee stock ownership platform formed by key management and employees. The capital was priced at 2.44 yuan per unit of registered capital.