Moso Power intends to increase capital of 2020 million yuan to wholly-owned subsidiary Mao Shuo Electronics
On February 1, the first extraordinary meeting of the second board of directors of Maoshuo Power Supply Co., Ltd. reviewed and approved the “Proposal on Capital Increase of Capitalized by Its Owned Subsidiary to Maoshuo Electronicsâ€. The company decided to use its own funds of RMB 2020 million. Yuan will increase the capital to Maoshuo Electronics. After the capital increase, the registered capital of Maoshuo Electronics will be changed to RMB 30 million. After the capital increase, the company will hold 100% equity of Maoshuo Electronics.
Maoshuo Electronics is a wholly-owned subsidiary of Maoshuo Power Supply. The registered capital before the capital increase is RMB 9.8 million. This capital increase aims to better adapt to market development, effectively improve the financial structure of Maoshuo Electronics, solve its development funding needs, promote its better and faster development, and meet the company's long-term sustainable development goals.
Maoshuo's business scope includes: design, technology development, production and sales of switching power supplies, transformers and inductors; operating import and export business (except for laws, administrative regulations, and projects prohibited by the State Council, restricted projects must be licensed before they can operate) .
Maoshuo Electronics is a wholly-owned subsidiary of Maoshuo Power Supply. The registered capital before the capital increase is RMB 9.8 million. This capital increase aims to better adapt to market development, effectively improve the financial structure of Maoshuo Electronics, solve its development funding needs, promote its better and faster development, and meet the company's long-term sustainable development goals.
Maoshuo's business scope includes: design, technology development, production and sales of switching power supplies, transformers and inductors; operating import and export business (except for laws, administrative regulations, and projects prohibited by the State Council, restricted projects must be licensed before they can operate) .
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