en.Wedoany.com Reported - On June 8, Hainan Toly Bread Co., Ltd. completed an industrial and commercial change, increasing its registered capital from 70 million yuan to 130 million yuan, an increase of approximately 86%. The company was established in March 2019, with legal representative Zhu Di, and its business scope includes food production, grain processing food production, and food operations. It is wholly owned by Toly Bread Co., Ltd.
This capital increase corresponds to Toly Bread's previously disclosed subsidiary capital adjustment plan. On April 29, Toly Bread announced that it plans to increase capital by 80 million yuan, 60 million yuan, and 50 million yuan for Guangxi Toly, Hainan Toly, and Xinjiang Toly, respectively. After the capital increase, the registered capital of the three companies will become 280 million yuan, 130 million yuan, and 110 million yuan, respectively. The industrial and commercial registered capital of Hainan Toly increasing to 130 million yuan indicates that the relevant capital increase arrangement has entered the registration and implementation stage.
Hainan Toly is one of the production and operation entities in Toly Bread's South China regional layout. When Toly Bread established Hainan Toly in 2019, it disclosed that this subsidiary serves as a platform for the company's business operations, with establishment purposes including adapting to modern enterprise management needs, expanding product sales channels, and improving product market competitiveness. This capital increase will help enhance Hainan Toly's capital strength, providing funding capacity for subsequent production capacity construction, food production and operation, warehousing and distribution, and regional sales network improvement.
From Toly Bread's overall actions, the company is not solely increasing capital for this subsidiary but is simultaneously advancing capital increases for multiple subsidiaries and capital reductions for some subsidiaries, reallocating funds based on actual regional business operations. The announcement stated that the relevant capital increases and reductions do not involve related-party transactions nor constitute major asset restructuring, with funding sourced from the company's own funds. For short-shelf-life bread companies, production radius, cold chain and normal temperature distribution efficiency, and terminal shelf density directly affect regional market coverage capabilities. After Hainan Toly's capital increase, its capacity for local production, channel maintenance, and regional supply chain coordination will be further strengthened.
Subsequent progress will mainly focus on the actual operational transformation after the new capital injection, including Hainan market production and sales scale, channel coverage, supply chain efficiency, and synergy with Toly Bread's national factory network. With the completion of the registered capital change, Hainan Toly's foundational position in the company's regional layout has become clearer. The next step still requires demonstrating the capital increase effect through capacity utilization, market expansion, and cost control.
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