Guangzhou Kehe Energy Development Co., Ltd. announced that it expects to receive CNY 25.28 million in funding from Guangdong Enguang Energy Development Co., Ltd., Jilin Power Share Co.,Ltd.
October 25, 2017
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Guangzhou Kehe Energy Development Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 25,280,000 on October 25, 2017. The transaction will involve participation from Guangdong Enguang Energy Development Co., Ltd. for CNY 1,264,000 and Jilin Power Share Co.,Ltd. (SZSE:000875) for CNY 24,016,000. Post the closing of the transaction, the registered capital of the company will increase from CNY 10,000,000 CNY 35,280,000. The transaction has been approved by Jilin Power Share Co.,Ltd. (SZSE:000875) at the 19th meeting of its 7th directorate and is not subject to approval from its shareholders. The company reported total assets of CNY 51,740,200 and total liabilities of CNY 51,740,200 for the year ended December 31, 2016.
JILIN ELECTRIC POWER CO.,LTD. is a China-based company principally engaged in the electric power generation and heat supply businesses. The Company generates power mainly through thermal power, wind power and solar power. The Company is also involved in new energy investment and development, power plant maintenance, technology research and development, electricity distribution and other businesses. The Company operates its business in domestic market, with the northeast region of China as its main market.
Guangzhou Kehe Energy Development Co., Ltd. announced that it expects to receive CNY 25.28 million in funding from Guangdong Enguang Energy Development Co., Ltd., Jilin Power Share Co.,Ltd.