SHE:300192

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Kingswood Education Technology Boosts Subsidiary's Capital, Expands Investment Scope

Suzhou Kingswood Education Technology (SHE:300192) will undertake a 44-million-yuan capital injection into subsidiary Kede Huiying.The smart technology subsidiary's registered capital will increase to 50 million yuan from 6 million yuan, with the company maintaining full ownership, according to a Tuesday aftermarket filing with the Shenzhen bourse.The company also expanded Kede Huiying's business scope to include equity investment, venture capital and financial consulting.Shares of the printing ink manufacturer and educational services provider closed 8% higher Wednesday.

SHE:300192

Asia3h ago

Suzhou Kingswood Education Technology to Set Up Investment Holding Subsidiary

Suzhou Kingswood Education Technology (SHE:300192) will set up a wholly-owned subsidiary in Hong Kong for HK$100 million, according to a Tuesday after-hours filing with the Shenzhen bourse.The new entity, to be called FCICH Holdings, will then establish its own subsidiary, which will then be named FCIC Investment, the filing said.The investment for the second-level subsidiary is HK$10 million.FCIC Investment will handle investment holding and management, as well as management consulting, among others.Shares rose 8% during the close of trading on Wednesday.

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