Shanghai Kuaibu New Energy Technology Co., Ltd announced that it expects to receive funding from Fujian Yongfu Power Engineering Co.,Ltd., Shanghai Changge Yinsong New Energy Technology Partnership (Limited Partnership), Fuzhou Economic and Technological Development Zone Zhongqing Zhiyuan Equity Investment Partnership
September 21, 2021
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Shanghai Kuaibu New Energy Technology Co., Ltd announced that it will receive an equity round of funding on September 22, 2021. The transaction will include participation from new investors Fujian Yongfu Power Engineering Co.,Ltd. for CNY 20,000,000 for 6.15% stake in the company, Shanghai Changge Yinsong New Energy Technology Partnership (Limited Partnership) for 4.62% stake and Fuzhou Economic and Technological Development Zone Zhongqing Zhiyuan Equity Investment Partnership for 3.08% stake. The subscribed new registered capital of Fujian Yongfu Power Engineering Co.,Ltd. amounted to CNY 3,571,400 and the remaining CNY 16,428,600 is included in the capital reserve , Shanghai Changge Yinsong New Energy Technology Partnership (Limited Partnership) will subscribe to new registered capital CNY 2,678,600 and Fuzhou Economic and Technological Development Zone Zhongqing Zhiyuan Equity Investment Partnership (Limited Partnership) will subscribe to new registered capital CNY 1,785,700. Post the closing of the transaction, the registered capital will increase from CNY 50,000,000 to CNY 58,035,700. The transaction was approved by the 28th meeting of the second board of directors and the 22nd meeting of the second board of supervisors of Fujian Yongfu Power Engineering Co.,Ltd.
Fujian Yongfu Power Engineering Co Ltd is a company that provides engineering-procurement-construction (EPC) services for power industry. The Company operates six businesses. The EPC services business is involved in providing project management, design and procurement services, covering solar power generation, onshore power generation and other areas. The power planning, consulting, exploration and design business provides the planning and consulting of power and power facilities, as well as analysis and demonstration of the technology required for power engineering. The integrated energy business provides the clients with the consulting on investment decision of comprehensive energy. The smart energy business includes digital power and power communication services. The smart operation and maintenance business is to build smart operation and maintenance platforms for power industry. The power energy investment business seeks investment in power clean energy and new energy projects.
Shanghai Kuaibu New Energy Technology Co., Ltd announced that it expects to receive funding from Fujian Yongfu Power Engineering Co.,Ltd., Shanghai Changge Yinsong New Energy Technology Partnership (Limited Partnership), Fuzhou Economic and Technological Development Zone Zhongqing Zhiyuan Equity Investment Partnership