Jiangsu Guoxin's (002608.SZ) Subsidiary Plans Capital Increase for Phase III Power Project

Stock News12-18 19:06

Jiangsu Guoxin Corp., Ltd. (002608.SZ) announced that its subsidiary, Jiangsu Guoxin Yangzhou Power Generation Co., Ltd. ("Guoxin Yangzhou Power"), has received regulatory approval in June 2025 for its Phase III expansion project involving two 1,000 MW units. The subsidiary plans to introduce two new shareholders and implement a non-public agreement-based capital increase of 1.8 billion yuan through disproportional funding contributions to jointly finance the project.

Under the agreed terms, Jiangsu Guoxin will invest 1.06755 billion yuan, Yangtze River Culture & Tourism will maintain its stake without additional investment, Taizhou Taineng will contribute 90 million yuan, Yangzhou Energy Group will invest 458.3 million yuan, and Yangzhou Green Investment Group will provide 184.15 million yuan. Post-capital increase, the ownership structure will be: Jiangsu Guoxin (75%), Yangtze River Culture & Tourism (2.56%), Taizhou Taineng (5%), Yangzhou Energy Group (12.44%), and Yangzhou Green Investment Group (5%).

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