Jiuzhou Group (300040.SZ) announced that the board of directors of the company reviewed and approved “On Foreign Capital Increase for Wholly-owned Subsidiaries...
Zhitong Finance App News, Jiuzhou Group (300040.SZ) announced that the company's board of directors reviewed and passed the “Proposal on Foreign Capital Increase for Wholly-owned Subsidiaries”. The company's wholly-owned subsidiary, Harbin Jiuzhou Energy Investment Co., Ltd. (“Jiuzhou Energy”) plans to increase the capital of Huadian Harbin Bayan New Energy Co., Ltd., as follows:
Jiuzhou Energy and Huadian New Energy Group Co., Ltd. plan to jointly increase the capital of Huadian Harbin Bayan New Energy Co., Ltd., with a total capital increase of 100 million yuan. Jiuzhou Energy will increase the capital by 49 million yuan according to a 49% ratio. The capital increase will be used to build the Heilongjiang Huadian Harbin Bayan Phase II 100MW wind power project.
According to reports, this external capital increase is based on the company's strategic development layout, which is conducive to increasing the scale of the company's shareholding in renewable energy power plants and optimizing the company's revenue structure.