According to Zhitong Finance App, Fangzheng Electric (002196.SZ) announced that in order to guarantee the capital requirements of its wholly-owned subsidiary to expand production and operation, the company will increase the capital of the wholly-owned subsidiary Fangzheng Electric (Deqing) Co., Ltd. (hereinafter referred to as “Deqing Fangzheng”) by RMB 210 million. Deqing Fangzheng's registered capital will increase to RMB 560 million after the capital increase is completed. It is still a wholly-owned subsidiary of the company.

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