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China Lending Corp. unit increases registered capital

China Lending Corp. unit Xinjiang Xinquan Financial Leasing Co. Ltd. increased its registered capital to US$50 million from US$30 million.

Xinjiang Heli Kaiyuan Construction Co. Ltd. injected the additional capital into Xinjiang Xinquan Financial Leasing, according to a Form 6-K filed Aug. 8.

Following completion of the transaction, China Lending Corp. holds a 60% stake in Xinjiang Xinquan Financial Leasing, partly through China Fenghui Financial Holdings Group, while Xinjiang Heli Kaiyuan Construction holds a 40% stake in the company.