FilingReader Intelligence

Dagang to restructure Hongcheng Trade via debt swap, equity transfer

April 16, 2025 at 05:45 PM UTCBy FilingReader AI

Jiangsu Dagang (SZSE:002077) announced a plan to restructure its wholly-owned subsidiary, Hongcheng International Trade, through a debt-for-equity swap and subsequent equity transfer. The move aims to consolidate resources, refocus on the company's core business, and shed underperforming assets. Dagang will increase Hongcheng International Trade's capital by CNY 59,601,968.31, converting existing debt into equity at a rate of CNY 1 per share. This will increase Hongcheng's registered capital from CNY 35,500,000.00 to CNY 95,101,968.31.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002077Shenzhen Stock Exchange

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