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On November 13, HaiGe Communication disclosed that its wholly-owned subsidiary, Guangzhou HaiGe Tianteng Industrial Development Co., Ltd., is set to augment its capital and share capital through a public offering aimed at attracting strategic investors. The capital infusion is capped at 800 million yuan. Upon completion of this capital increase, the equity stake of the newly inducted investors in Tianteng Industrial will be capped at 43.44%, ensuring HaiGe Communication retains its status as the controlling shareholder of Tianteng Industrial. As the construction entity for the Tianteng Information Industry Base, this capital raise is poised to expedite the base's development, capitalize on market opportunities, enhance investments in unmanned and low-altitude economy sectors, and further refine the industrial chain ecosystem.
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