GD Huzhou Nanxun Natural Gas Thermal Power Co., Ltd. announced that it expects to receive CNY 66.97 million in funding from GD Power Development Co., Ltd
GD Huzhou Nanxun Natural Gas Thermal Power Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 66,970,000 on March 15, 2017. The transaction will involve participation from returning investor GD Power Development Co., Ltd (SHSE:600795). Post the closing of the transaction the registered capital will increase from CNY 128,780,000 to CNY 195,750,000. Post the closing of the transaction the investor will retain its 100% stake in the company. The transaction was approved by the investor's shareholders. The company reported total assets of CNY 714,859,300, total liabilities of CNY 519,109,300, and total equity of CNY 195,750,000 for the year ended December 31, 2016.