​Pien Tze Huang implement capital increase to its wholly owned subsidiary to speed up its great health strategy
 
On 1 July, Pien Tze Huang (600436) issued a notice about the capital increase to its wholly-owned subsidiary. In order to speed up the implementation of the "one core, two wings" great health development strategy,using its own fund, the company will increase capital of RMB20 million to its wholly owned subsidiary Fujian Pien Tze Huang E-Commerce Co., Ltd. in order to increase its working capital. The capital increase, on one hand is conducive to the cooperation between the e-commerce company and international brands/cross-border platforms, aiming at expanding sales category, reducing risk of over concentrated main business, improving e-commerce sales revenue, and forming new profit growth points. On the other hand,it helps promote cross-border e-commerce business development and accelerate the pace of entering the international market.