Jiangsu Guoxin Directors OK Additional 1.80 Billion Yuan Investment into Guoxin Yangzhou Power Generation

MT Newswires Live12-19 18:14

Jiangsu Guoxin (SHE:002608) directors approved a 1.80-billion-yuan capital increase to Jiangsu Guoxin Yangzhou Power Generation, according to a Friday disclosure to the Shenzhen bourse.

The listed company will contribute 1.07 billion yuan, while Taizhou Taineng will contribute 90 million yuan, Yangzhou Energy Group will inject 458.3 million yuan, and Yangzhou Green Investment Group will contribute 184.2 million yuan.

Jiangsu Guoxin will hold 75% of the subsidiary following the capital injection.

Yangtze River Cultural Tourism will control 2.56%, Taizhou Taineng will have 5%, Yangzhou Energy Group will have a 12.44% shareholding, and Yangzhou Green Investment Group will own the remaining 5%.

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