Hengtong Optic-Electric Co.， Ltd: Replenishment of 50 million yuan on Hengtong Sibo
Feb. 15th 2014,Jiangsu Hengtong Optic-Electric Co.,Ltd increased RMB 50 million capital of its wholly owned subsidiary Hengtong Sibo, After that hengtong sibo’s registered capital will increase from RMB 29.8 million to RMB 79.8 million. Hengtong cable technology Co., Ltd increased RMB 25 million capital of its wholly owned subsidiary hengtong electronic,after that hengtong electronic’s registered capital will increase from 25 million to RMB 50 million.
Hengtong Optic-Electric Co., Ltd is one of the best optical fiber cable manufacture in China.Currently fiber optic industry is in transition , the low-end product is overcapacity but high-end production is not enough.Companies therefore actively optimize the allocations of resources , since 2013 a subsidiary of the membership of the registered capital in a number of adjustments , this capital increase is still supporting the development prospects of key subsidiaries have thus promote the transformation and upgrading products , in line with the long-term interests of the company