*ST Changfang (300301.SZ) announced that the company reviewed and passed the “Proposal on Investment and Establishment of Wholly-owned Subsidiaries...
Zhitong Finance App News, *ST Changfang (300301.SZ) announced that the company reviewed and passed the “Proposal on Investment and Establishment of a Wholly-owned Subsidiary”. The company plans to invest in the establishment of Jiangxi Changfang Yuandong New Energy Development Co., Ltd. in Nanchang, Jiangxi, with a registered capital of 20 million yuan. The company invests with its own capital, accounting for 100% of its total registered capital.
According to reports, this investment established a wholly-owned subsidiary to accelerate cooperation between the company and China Power Investment Shanghai Electric (Guangxi) New Energy Co., Ltd. on investment and construction of new energy projects.