China Datang Corporation Nuclear Power Co., Limited announced that it expects to receive CNY 215.606 million in funding from Datang International Power Generation Co., Ltd., China Datang Corporation Ltd.
June 01, 2021
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Datang Nuclear Power Company announced that it has entered into a capital increase agreement with returning investors, Datang International Power Generation Co., Ltd. and China Datang Corporation Ltd. for CNY 215,606,000 on June 2, 2021. The company will issue common shares in the transaction. Datang International Power Generation Co., Ltd will invest CNY 86,240,000, and China Datang Corporation Ltd will invest CNY 129,366,000. Post the closing of the transaction, the investors total investment amount will be CNY 496,816,300 and CNY 745,230,400 respectively and the investors will retain their existing stake. Post the closing, the registered capital of the company will increase from CNY 1,026,440,700 to CNY 1,242,046,700. The transaction has been approved at seventeenth meeting of the tenth session of the Board of Datang International Power Generation Co., Ltd.
Datang International Power Generation Co., Ltd. is a power generation company. The principal activities of the Company are power generation and power plant development in the People's Republic of China (PRC). It is also engaged in activities, including the sale of electricity and thermal power, repair and testing of power equipment, power related technical services, coal trading, chemical products manufacturing and selling, coal chemistry, transportation and recycling. The Company's segments include Power generation, Coal, Chemical and Other. The power generation businesses of the Company and its subsidiaries are primarily distributed across Beijing, Tianjin, Hebei Province, the Inner Mongolia Autonomous Region, Shanxi Province, Liaoning Province, Gansu Province, Sichuan Province and the Tibet Autonomous Region, among others. The power generation business includes coal-fired power projects, hydropower projects, photovoltaic projects and wind power projects.
China Datang Corporation Nuclear Power Co., Limited announced that it expects to receive CNY 215.606 million in funding from Datang International Power Generation Co., Ltd., China Datang Corporation Ltd.