On December 4, Mengbang shares (872623) recently announced that according to the company's business development needs, in order to make the wholly-owned subsidiary Hebei Mengbang Biotechnology Co., Ltd. (hereinafter referred to as Mengbang Biological) better carry out business and meet its operational needs, it is planned to increase the registered capital by 20 million yuan, and this capital increase does not constitute a related party transaction.
The company plans to increase the capital of its wholly-owned subsidiary, Mengbang Biotech, by 20 million yuan, and the registered capital of Mengbang Biotech will be changed to 70 million yuan after the completion of this capital increase. This capital increase does not change the shareholding structure of Mengbang Biotech, and the company's shareholding is 100% before and after the capital increase.
According to the "Audit of Financial Statements of Hebei Mengbang Water-soluble Fertilizer Co., Ltd. from January 1, 2022 to December 31, 2022" (Daxin Shen Zi [2023] No. 37-00146) issued by Daxin Certified Public Accountants (Special General Partnership), as of December 31, 2022, the total assets of Mengbang Biology were 93,804,59807 yuan, net assets of 51,669,15590 yuan, of which the operating income in 2022 is 21,037,16409 yuan, net profit 1,121,89387 yuan. The audit opinion is a standard unqualified opinion, which is in line with the relevant provisions of the ** Law.
The purpose of this foreign investment: the capital increase of Mengbang Biotech is conducive to the company's international business, optimize the company's strategic layout, enhance the company's profitability, and further improve the company's comprehensive competitiveness.
Risks of this foreign investment: This capital increase is to meet the needs of Mengbang Bio's business development, which is conducive to improving its operation and profitability, and does not harm the interests of the company and other shareholders, and will not have a significant impact on the company's operation.
The impact of this foreign investment on the company's operation and finance: This investment will further enhance the company's competitiveness and influence, and will have a positive effect on improving the company's operating ability, and will not adversely affect the company's financial condition and operating results. There is no damage to the legitimate rights and interests of the company and other shareholders.
According to the data of digging shellfish, Mengbang Co., Ltd. is mainly engaged in the research and development, production and sales of new environmentally friendly fertilizers such as water-soluble fertilizers, organic fertilizers, and biological fertilizers, and the main products are water-soluble fertilizers, organic fertilizers, biological fertilizers, soil conditioners, etc.