Li Auto: Its Subsidiary, Mach Heart Technology, Pours 1 Billion Yuan into Mach Zhi Xin Intelligent Technology for Registered Capital Subscription
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Author:小编   

On October 16, Li Auto (02015.HK) made an announcement stating that its indirectly wholly-owned subsidiary, Mach Heart Technology, had entered into a controlling shareholder subscription agreement with Mach Zhi Xin Intelligent Technology. Under this agreement, Mach Heart Technology will subscribe to an additional registered capital of 42,826,552 yuan in Mach Zhi Xin Intelligent Technology (it seems there's a minor error in the original text, it should probably be subscribing to Mach Zhi Xin's capital rather than its own, here we assume the correct meaning is to subscribe to Mach Zhi Xin's capital) at a total cost of 1 billion yuan. Concurrently, Mach Heart Technology, Mach Zhi Xin Intelligent Technology, and a group of investors have signed a capital subscription agreement. According to this agreement, the investors will subscribe to an extra registered capital of 26,766,595 yuan in Mach Zhi Xin Intelligent Technology (similarly, assuming the correct target is Mach Zhi Xin) for a combined price of 625 million yuan.