Is debt-to-equity swap a good way to increase capital for subsidiaries?

Yes Debt-to-equity swap is an important measure to implement the requirements of high-quality development, which is in line with the relevant national policy orientation and is a good measure. Capital increase refers to the company's act of increasing registered capital according to law in order to expand its business scale, broaden its business and improve its credit standing. Therefore, debt-to-equity swap is good for subsidiaries to increase capital.