Shenzhen Kedali injects 400m yuan into subsidiary

Shenzhen Kedali Industry has completed a 400 million yuan capital injection into its wholly-owned subsidiary, Hubei Kodali Precision Industry.

The company converted a portion of previously provided borrowing from fundraising and some planned future capital into the investment. As a result, Hubei Kodali's registered capital increased from 300 million yuan to 700 million yuan.

Hubei Kodali manufactures and sells metal products, molds, plastic products, and automotive components.