Stone Electronic injects US$10m into Beijing Stone

Stone Electronic Technology (0409) announced that it had signed investment injection agreement with the parent company Stone Group. According to the agreement, it will inject US$10 mln into Beijing Stone Electronic and increased the investment capital of Beijing Stone Electronic from US$10 mln to US$20 mln. After the deal, Stone Electronic Technology will uplift its shareholding in Beijing Stone Electronic from 75% to 87.5% while the remaining 12.5% are held by Stone Group.

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