Financial Association November 11th. Oriental Shenghong announced that the subsidiary Guowei Hi -Tech plans to introduce the investment of ride -to -bank investment and Bank of China assets through capital increase and share.BOC Assets increased its capital by 500 million yuan in cash.Shenghong Chemical Fiber gave up the right to subscribe as the controlling shareholder of Guowang Hi -Tech.After the transaction was completed, Shenghong chemical fiber was still the controlling shareholder of Guowang Hi -Tech, and had actual control.This transaction does not constitute a major asset reorganization and does not constitute related transactions.The company has held a board of directors for review and approval, and does not need to be submitted to the shareholders meeting for consideration.
