Wanrun Technology: Holding Subsidiary Wanrun Semiconductor Secures Capital Influx with iSoftStone’s Participation
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Author:小编   

On October 22, Wanrun Technology disclosed that its majority-owned subsidiary, Hubei Changjiang Wanrun Semiconductor Technology Co., Ltd., is set to bolster its capital and share capital by bringing in strategic investors. The capital increase totals 130 million yuan, with Wanrun Technology contributing 100 million yuan in cash, and iSoftStone Information Technology (Group) Co., Ltd. injecting 30 million yuan through a public offering. The price for the capital increase has been fixed at 1.142857 yuan for every 1 yuan of registered capital. Following this capital boost, Wanrun Technology will retain an 80% ownership in Wanrun Semiconductor, whereas iSoftStone will acquire a 17.65% stake. Wanrun Technology will maintain its position as the controlling shareholder of Wanrun Semiconductor, ensuring that Wanrun Semiconductor remains consolidated in its financial statements.