Invt Electric invests CNY 20m in subsidiary

Shenzhen Invt Electric (SZSE:002334) has completed a CNY 20 million capital increase in its wholly-owned subsidiary, Zhongshan Invt Precision Technology Co., Ltd. The investment, funded from the company's own resources, has raised Zhongshan Invt Precision Technology’s registered capital from CNY 20 million to CNY 40 million. The transaction has been approved by the company's President’s Office Meeting. Zhongshan Invt Precision Technology has completed its industrial and commercial registration and has been granted a new business license. The company's scope of business include research and manufacture of hardware products, sales of metal products, specialized equipment, general purpose machinery, and related mechanical equipment.