Robot announced that its wholly-owned subsidiary Shenyang Xinsong DianShi Technology Co., Ltd. plans to increase capital and expand shares through public listing, introducing at least three investors. The total capital increase will be no less than 50 million yuan, with the price not lower than the asset appraisal result filed with the state-owned assets authority. The company will waive its preemptive subscription right for this capital increase. After the capital increase, DianShi Technology will no longer be included in the company's consolidated financial statements.
SIASUN Robot Automation CoSIASUN's subsidiary DianShi Technology plans capital increase, diluting SIASUN's stake and deconsolidating the subsidiary, which could be positive (raising funds) or negative (loss of control).
DianShi Technology plans to raise at least 50 million yuan by introducing investors, providing capital for growth.