Aerospace Electronics made an announcement, stating its intention to boost the capital of its majority-owned subsidiary, Aerospace Changzheng Rocket Technology Co., Ltd., by a cash infusion of 727 million yuan. This amount encompasses 128 million yuan sourced from the 2017 refinancing initiative. Moreover, other stakeholders will also contribute additional capital in proportion to their existing shares. Upon the completion of this capital increase, the equity configuration and ownership stakes within Aerospace Changzheng Rocket Technology Co., Ltd. will stay intact, with the company continuing to operate as a holding subsidiary under Aerospace Electronics.
