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Xiamen Tungsten Units Secure Nearly 13 Million Yuan Capital Injection From Related Party

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Xiamen Tungsten (SHA:600549) said a related party will acquire a stake in two of its subseries through a capital increase, according to a Saturday filing on the Shanghai bourse.

Chuanghe Xincai (Xiamen) Manufacturing Industry Transformation and Upgrading Fund Partnership (Limited Partnership) will acquire 10% of Xiamen Shituo Jicheng Technology and will raise its capital by 5.6 million yuan.

The partnership fund will also acquire 15% in Changting Zhuoer Technology and increase its capital by 7.2 million yuan, the filing said.

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