Beijing Moxin International Energy Investment Co., Ltd announced that it expects to receive CNY 120 million in funding from Shandong Xinchao Energy Corporation Limited
Beijing Moxin International Energy Investment Co., Ltd announced that it will receive CNY 120,000,000 in equity funding from existing investor Shandong Xinchao Energy Corporation Limited (SHSE:600777) on January 11, 2017. The company’s registered capital will increase from CNY 30,000,000 to CNY 150,000,000. Pursuant to the transaction, the investor shall continue to hold 100% stake in the company. The transaction has been approved at 41st session of 9th directorate of the investor.