China Southern Power Grid Energy Storage Co., Ltd. announced that it expects to receive CNY 499.986 million in funding from Harbin Electric Company Limited

China Southern Power Grid Energy Storage Co., Ltd. announced a private placement of 39,400,000 A shares at a price of CNY 12.69 per share for gross proceeds of CNY 499,986,000 on November 23, 2022. The transaction will include participation from Harbin Electric Company Limited.