Shuangliang Eco-Energy Systems (SHA:600481), through unit Jiangsu Shuangliang Eco-Energy Investment, plans to inject capital amounting to 2 billion yuan into two of its subsidiaries to boost their capital base, according to a Shanghai bourse filing on Wednesday.
About 1.2 billion yuan will be injected into Shuangliang Silicon Materials (Baotou) and 800 million yuan into Hengli Crystalline Silicon New Materials (Inner Mongolia).
Shuangliang Silicon's capital will rise to 4.5 billion yuan from 3.3 billion yuan, while Hengli Crystalline Silicon's capital will increase to 3.2 billion yuan from 2.4 billion yuan.
Both companies will remain as the Chinese absorption chiller manufacturer's wholly-owned subsidiaries after the transaction.
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