According to Zhitong Finance App News, Guiyan Platinum (600459.SH) issued an announcement. In line with the business development needs of the company's wholly-owned subsidiary Guiyan Semiconductor Materials (Yunnan) Co., Ltd. (“Guiyan Semiconductor Company”), the company plans to increase its capital to Guiyan Semiconductor. This time, the capital increase is 100 million yuan.

This capital increase is a key measure to relieve the pressure on Guiyan Semiconductor's production and operation capital, stabilize and develop the market, and provides strong support for seizing market opportunities and consolidating and enhancing its competitive position in the market. It helps optimize the capital structure of Guiyan Semiconductor, reduce operating capital costs, enhance resilience to risks, and help Guiyan Semiconductor to operate steadily and sustainably. Further consolidate the company's development foundation in semiconductor-related business fields and help the company achieve long-term high-quality development.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.