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Aerospace Technology (688239.SH) plans to increase capital of 300 million yuan to its subsidiary to build a production base in Morocco
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Zhitong Finance App News, Aerospace Technology (688239.SH) announced that the company plans to use its own funds to implement a capital investment in its wholly-owned subsidiary Sichuan Delan Aerospace Technology Development Co., Ltd. (“Delan Aviation”), with a total investment of 300 million yuan. This investment will not increase Delan Aerospace's registered capital; all funds will be included in Delan Aerospace Capital after actual payment. The capital increase is mainly to ensure the smooth progress and implementation of the company's investment in the construction project of a forging production base for industrial equipment parts in Morocco. The project was constructed and operated by Sun Company, a wholly-owned subsidiary of Delan Aerospace, as the implementing entity.

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