China's Financial Regulator Approves Merchants Land's 6.176B Yuan Equity Conversion, Raises Registered Capital to 15B Yuan

GateNews
According to China's National Financial Regulatory Regulatory Administration, Merchants Land Financial Holding Co., Ltd. received approval on May 29 to convert 6.176 billion yuan in retained earnings into registered capital. The company's registered capital increased from 8.824 billion yuan to 15 billion yuan, representing a capital expansion of approximately 69.9%.
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