August 26 -- Dongling Grain & Oil (000893) intends to raise its Hong Kong sub-subsidiary Dongling Grain & Oil’s (Hong Kong) registered capital from $19.8 to $50 million with a cash injection, reports Yicai.com, citing a company filing.

Dongling Grain & Oil (Hong Kong) was founded by Dongling Grain & Oil’s subsidiary Guangzhou Green Oil Industry in 2009 and conducts soybean and other grain oil raw material purchasing and derivative products trading.

Dongling Grain & Oil (Hong Kong) recorded a loss of HK$73.8 million in the first half of 2011, with total assets of HK$59.58 million and total debt of HK$46.47 million at the end of June.

The company recorded a loss of 75.47 million yuan in the first six months this year, with losses per share of 0.34 yuan. Earnings per share (EPS) were 0.25 yuan in the same period last year.

Dongling Grain & Oil recorded a 12.23-percent year-on-year drop in soybean processing volume to 669,300 tons, while sales volume of soybean residue decreased 5.08 percent to 555,500 tons and sales volume of soybean oil fell 5.14 percent to 116,000 tons.