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Jingjiawei (300474.SZ) holding subsidiary Chenghengwei plans to increase capital and expand shares to introduce strategic investors
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According to Zhitong Finance App News, Jing Jiawei (300474.SZ) announced that in order to promote the long-term healthy development of the holding subsidiary, Wuxi Chengheng Microelectronics Co., Ltd. (“Chenghengwei”), and enhance its comprehensive strength, Chenghengwei introduced five strategic investors, including Dongyi Finance (Zhuhai Hengqin) Equity Investment Partnership (Limited Partnership), through capital increases of no more than 170 million yuan. After the capital increase is completed, Chenghengwei is still an enterprise controlled by the company, and the scope of the company's consolidated statements will not change.

This capital increase is in line with Chenghengwei's overall strategic development layout, helps supplement the capital required for Chenghengwei's business development and development, accelerate Chenghengwei's market development and implementation in the field of edge side AI SoC chips, continuously enhance its R&D capabilities, further enhance its comprehensive competitive advantage, promote its rapid and steady development, and is in line with the long-term strategic development goals of the company and Chenghengwei.

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.
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