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Hengsheng Energy: plans to use RMB 315 million subscription to increase the registered capital of Huada Thermoelectricity by RMB 117 million.
On January 20th, Jinshi Data News reported that Hengsheng Energy announced that it plans to use RMB 315 million in subscription to increase the registered capital of Huada Thermoelectric by RMB 117 million. After this external investment is completed, the company will hold 70% of the shares of Huada Thermoelectric, and Huada Thermoelectric will be included in the company’s consolidated financial statements.