Sega Technology announced on December 2, the board of directors of the company reviewed and approved the "capital increase and related transaction of the United States electric industry motion".
American electric is the holding subsidiary of the company holding Sun Company Endiankai registered in the United States, with the registered capital of 1 million dollars. In order to further enhance the operation strength of the American electric industry and increase the expansion of the North American regional antenna market, Enpower, Nippon Power and LeeDoHoon, the shareholders of American Power, plan to jointly increase the capital of American Power by $1,000 per share in cash. Among them, Enpower plans to increase the capital by $610,000, Nippon Power plans to increase the capital by $370,000 and LeeDoHoon plans to increase the capital by $20,000, totaling $1 million. ZhaoStephanicYanni, an American electric shareholder, intends to waive the capital increase.
Enpower is a controlling subsidiary of the company's wholly-owned subsidiary Bofate, which holds 80% of Enpower's equity, and Nippon Electric, a major shareholder of Enpower, which holds 20% of Enpower's equity.
Given that Nippon Power is both a customer and supplier of Endiankai, and holds a 20 per cent stake in the company. According to Article 6.3.3 of the Stock Listing Rules of Shenzhen Stock Exchange, in accordance with the principle of substance over form, the company has identified Nippon Electric as the related legal person of the company, and the capital increase of Enpower Co., Ltd. and Nippon Electric Co., Ltd. to the American Electric Co., Ltd. is a joint investment between the company and the related parties.