Jiangsu Expressway to Inject 600 Million Yuan Into Clean Energy Unit

MT Newswires Live08-28 10:33

Jiangsu Expressway Company (HKG:0177, SHA:600377) plans to inject 600 million yuan into its wholly owned subsidiary, Jiangsu Yunshan Green Energy Investment, over five years to support clean energy projects, according to a Thursday Hong Kong bourse filing.

About 40 million yuan is expected to be contributed in 2026, bringing the subsidiary's registered capital from 2 billion yuan to 2.6 billion yuan.

The funds will be used for fishery-solar and crab-farming-solar projects, transportation-energy integration, wind power capacity expansion, research and development, and working capital, according to a Friday bourse filing.

Jiangsu Expressway will retain its 100% stake in the subsidiary.

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