Guanghui Energy Integrated Logistics Development Co., Ltd. announced that it expects to receive CNY 202.02 million in funding from Guanghui Energy Co., Ltd., Xinjiang Guanghui Clean Energy Technology Co., Ltd.
Guanghui Energy Integrated Logistics Development Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 202,020,000 on January 19, 2021. The transaction will include participation from existing investors Guanghui Energy Co., Ltd. (SHSE:600256) for CNY 200,000,000 to retain its 99% stake in the company and Xinjiang Guanghui Clean Energy Technology Co., Ltd for CNY 2,020,000 to retain its 1% stake in the company. The transaction has been approved in the fourth meeting of the eighth term of the board of directors of Guanghui Energy Co., Ltd. (SHSE:600256) and is subject to approval in the shareholders meeting of Guanghui Energy Co., Ltd. (SHSE:600256).