Photo/Shetuwang

June 7 (NBD) -- Chinese high-tech equipment manufacturer Zoomlion Heavy Industry Science and Technology Co., Ltd. ("Zoomlion", 000157.SZ) announced Thursday the plan to inject 3 billion yuan (469 million U.S. dollars) into its capital management subsidiary.

The registered capital of the subsidiary, Zoomlion Capital, will reach 4 billion yuan (626 million U.S. dollars) from previous 1 billion yuan (156 million U.S. dollars) after the capital injection. The money will be used to set up an industrial investment fund which is aimed to help complement Zoomlion's industrial chain and propel its industrial transformation and upgrading.

Email: gaohan@nbd.com.cn