Drinda New Energy to Buy Stake in Optoelectronic Device Developer Through 30 Million Yuan Capital Increase

MT Newswires Live01-15

Hainan Drinda New Energy Technology (SHE:002865, HKG:2865) plans to acquire 16.7% of Shanghai Xingyi Xineng Technology through a capital increase of 30 million yuan, according to a Wednesday filing on the Shenzhen bourse.

Xingyi Xinneng Tech is a developer of optoelectronic devices and photovoltaic equipment.

The photovoltaic equipment manufacturer will subscribe for Xingyi Xineng's newly registered capital worth 461,539 yuan.

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