Shanying Paper Increases Investment in its Wholly-owned Subsidiary Company

To further increase its wholly owned subsidiary company, Fujian Liansheng (Liansheng for short) ’s operation capacity, Shanying International Share Holding Company plans to increase investment by 1 billion yuan from its own capital. The registered capital of Liansheng will increase to 1.2 billion yuan after this capital injection. Through consolidating segments of waste paper recycling business, this investment would further solidify Liansheng as an overall business management platform. This investment plan to Liansheng will benefit it enhancing its operational capability, which meets the company’s requirements for long-term development.

Link to Announcement: