Beijing Jingcheng Machinery Electric Co Ltd Class H (HK:0187) has released an update.
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Beijing Jingcheng Machinery Electric Co Ltd has approved significant resolutions during its board meeting, including the early termination of property-related agreements to facilitate renovations at Yichuang Park. Additionally, the company plans to increase capital in its subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., boosting its registered capital by RMB 140 million and further investing RMB 200 million from budget funds. These strategic decisions underscore the company’s focus on streamlining operations and enhancing its financial stability.
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