Jiangsu Financial Leasing (SHA:600901) and BNP Paribas Lease said they will raise the registered capital of their joint venture Jiangsu BNP Paribas Agricultural & Technology Equipment Financial Leasing to 2 billion yen from 1 billion yen, according to a Tuesday Shanghai bourse filing.
Jiangsu Financial will contribute 550 million yen, keeping its 55% stake, while BNP Paribas Lease will provide the remainder to maintain its 45% holding.