Advanced Technology & Materials boosts subsidiary with $20m capital injection

Advanced Technology & Materials Co., Ltd. (Antai Technology) announced a RMB 20 million capital increase to its controlled subsidiary, Antai Sanying Welding Materials (Tianjin) Co., Ltd. Of this, RMB 17,915,330 will be added to the registered capital, with the remainder going to capital reserves. This investment will raise Antai Technology's stake in Antai Sanying from 50.588% to 59.1898%, maintaining its status as a controlled subsidiary.

The capital increase, approved by Antai Technology's board, aims to support Antai Sanying's strategic initiatives in the "14th Five-Year Plan" period. These include industrial restructuring, product transformation, and enhancing its position as a high-end welding material R&D and industrial platform. This move is expected to improve Antai Sanying's operational quality and increase asset returns for Antai Technology.

The transaction is based on an appraisal by Beijing Zhongtianhe Asset Appraisal Co., Ltd., which valued Antai Sanying's total shareholder equity at RMB 9,489.08 million as of December 31, 2024. The capital increase is within the board's approval authority and does not constitute a connected transaction or a major asset restructuring.