CECEP Wind-power Corporation Co.,Ltd. announced that it expects to receive CNY 2.8 billion in funding from China Energy Conservation and Environmental Protection Group Co., Ltd. and other investors
May 13, 2019
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CECEP Wind-power Corporation Co. Ltd. (SHSE:601016) announced a private placement of not more than 831,112,000 A shares for gross proceeds of CNY 2,800,000,000 on May 14, 2019. The shares will be issued at a price not lower than 90% of the total issued share capital of 20 previous days to the issue date. The transaction will involve participation from not more than 10 specific investors including existing investor China Energy Conservation and Environmental Protection Group Co., Ltd. for 10% of the gross proceeds. The subscribers will not transfer the shares to be subscribed on the transaction for 12 months from date of issuance. The transaction was approved at its 29th meeting of the 3rd directorate and is subject to approval from the shareholders of the company and China Securities Regulatory Commission.
CECEP Wind-Power Corporation is a China-based company, principally engaged in development, construction and operation of wind power generation projects. The Company primarily involves in the development and operation of wind power stations. The Company holds three main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China. Its wind power stations mainly contribute to North China power grid, Northwest China power grid and Xinjiang power grid respectively.
CECEP Wind-power Corporation Co.,Ltd. announced that it expects to receive CNY 2.8 billion in funding from China Energy Conservation and Environmental Protection Group Co., Ltd. and other investors