Huixian Jidian New Energy Co., Ltd. announced that it expects to receive CNY 156 million in funding from Jilin Power Share Co.,Ltd.
Huixian Jidian New Energy Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 156,000,000 on December 26, 2016. The transaction included participation from returning investor Jilin Power Share Co.,Ltd. (SZSE:000875) to retain its 100% stake in the company. The registered capital of the company will increase from CNY 160,000,000 to CNY 316,000,000. The transaction has been approved by the board of directors of the investor at its 7th session of its 7th directorate.