On March 14, Shenzhen South Circuit announced that according to the company's strategic planning and business development needs, it plans to use its own funds of 300 million yuan to increase the capital of its wholly-owned subsidiary Guangzhou Guangxin Packaging Substrate Co., Ltd. (hereinafter referred to as "Guangzhou Guangxin"), all of which will be included in the registered capital. After the completion of this capital increase, Guangzhou Guangxin's registered capital will be 500 million yuan, and the company will hold 100% of its equity.
The announcement shows that Guangzhou Guangxin was established on August 12, 2021 with a registered capital of 200 million yuan and its legal representative is Yang Zhicheng. The business scope includes: manufacturing of electronic components; manufacturing of other electronic devices; manufacturing of special electronic materials; research and development of special electronic materials; sales of electronic components and electromechanical components and equipment; sales of special electronic materials; sales of integrated circuit chips and products, etc.
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