Guanghui International Natural Gas Trading Co., Ltd announced that it expects to receive CNY 400 million in funding from Guanghui Energy Co., Ltd.
Guanghui International Natural Gas Trading Co., Ltd announced a private placement of common shares for gross proceeds of CNY 400,000,000 on January 19, 2021. The transaction will include participation from returning investor Guanghui Energy Co., Ltd. (SHSE:600256) to retain its 100% stake in the company. The transaction has been approved in the fourth meeting of the eighth term of the board of directors of the investor and is subject to approval in the shareholders meeting of the investor. Post the transaction, the registered capital of the company will increase from CNY 400,000,000 to CNY 800,000,000.