One of the largest hosiery manufacturers in China, Langsha Group plans to invest 222 million Yuan into its wholly owned subsidiary which will be utilized to increase capacity to 8.5 million pieces.
The investment will be made in its wholly owned subsidiary Zhejiang Langsha Underwear Co., Ltd.The company will subscribe 222,392,000 Yuan for the new investment in Zhejiang Langsha in cash.
Of the total amount, 34,000,000 Yuan is as paid-up capital and 188,392,000 Yuan will be as capital reserve. After this capital increase, registered capital of Langsha Underwear will be increased from 66 million to 100 million Yuan.
Fibre2fashion News Desk - China
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