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Dymatic Chemicals Injects 100 Million Yuan into Zhejiang Derong Chemical Subsidiary

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Dymatic Chemicals (SHE:002054) will invest 100 million yuan into subsidiary Zhejiang Derong Chemical, with co-shareholder Zhejiang Petroleum & Chemical matching the amount.

The move boosts the subsidiary's registered capital to 1.62 billion yuan from 1.42 billion yuan, maintaining the 50-50 ownership split, according to a Monday filing with the Shenzhen bourse.

The cash injection aims to support Zhejiang Derong Chemical's business operations and daily working capital needs.

Shares of Dymatic Chemicals closed 2% higher Monday.

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