Ningbo Gaofa Boosts Capital of Wholly-Owned Subsidiary by 60 Million Yuan for Plant Expansion and Working Capital Enhancement
2025-05-13 / Read about 0 minute
Author:小编   

On May 13, the board of directors of Ningbo Gaofa Automotive Control System Co., Ltd. approved an additional capital injection of 60 million yuan into its wholly-owned subsidiary, Ningbo Gaofa New Energy Automotive Components Co., Ltd. Of this amount, 24 million yuan will be sourced through debt-to-equity swaps, with the balance contributed from the parent company's own funds. The augmented capital will be earmarked for the subsidiary's plant construction and replenishment of working capital. Upon completion, the registered capital of Gaofa New Energy will double, reaching 120 million yuan.