Sichuan Guangan AAA Public New Energy Technology Development Co., Ltd. announced that it expects to receive CNY 350 million in funding from Sichuan Guangan AAAPublic Co.,Ltd, Sichuan AAA Public Development Group Co., Ltd., Sichuan Huakai Electric Co., Ltd., Guangan State-owned Capital Investment Operations Group Co., Ltd
July 16, 2020
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Sichuan Guangan AAA Public New Energy Technology Development Co., Ltd. announced that it will receive CNY 350,000,000 on July 16, 2020. The transaction will include participation from Sichuan AAA Public Development Group Co., Ltd. for CNY 23,863,500, Sichuan Huakai Electric Co., Ltd. for CNY 14,318,100, Guangan State-owned Capital Investment Operations Group Co., Ltd for CNY 190,423,300 and returning investor Sichuan Guangan AAAPublic Co.,Ltd (SHSE:600979) for CNY 142,605,100. Post to the closing, Sichuan Guangan AAAPublic Co.,Ltd (SHSE:600979) will hold 52.10% stake in the company, Sichuan AAA Public Development Group Co., Ltd. will hold 5% stake, Guangan State-owned Capital Investment Operations Group Co., Ltd for 39.90% stakeand Sichuan Huakai Electric Co., Ltd. will hold 3% stake . The transaction was approved by the board of directors of the Sichuan Guangan AAAPublic Co.,Ltd (SHSE:600979) at 12th session of the 6th directorate and 8th meeting of the 6th supervisory board.
SICHUAN GUANGAN AAA PUBLIC CO., LTD. is a China-based company, principally engaged in the generation and distribution of electricity, natural gas and running water. The Company operates its businesses through three segments, including Water segment, Electricity segment and Gas segment. The Company is also engaged in the provision of installation services. The Company conducts its businesses mainly in Sichuan, Yunnan and Xinjiang provinces of China.
Sichuan Guangan AAA Public New Energy Technology Development Co., Ltd. announced that it expects to receive CNY 350 million in funding from Sichuan Guangan AAAPublic Co.,Ltd, Sichuan AAA Public Development Group Co., Ltd., Sichuan Huakai Electric Co., Ltd., Guangan State-owned Capital Investment Operations Group Co., Ltd