JIZHONG ENERGY RESOURCES CO., LTD. Jizhong Energy Group Finance Co., Ltd announced that it will receive CNY 1,300 million in its equity round of funding on August 17, 2023. The company has entered into an agreement for the transaction. The transaction will include participation from existing investors, Jizhong Energy Group Co., Ltd. for CNY 585 million, Jizhong Energy Resources Co., Ltd. for CNY 455 million, and North China Pharmaceutical Company.
Ltd for CNY 260 million. Post-closing of the transaction, Jizhong Energy Group Co., Ltd., Jizhong Energy Resources Co., Ltd. and North China Pharmaceutical Company. Ltd will retain their existing stakes of 45%, 35% and 20% stakes respectively in the company.
The transaction has been approved by the 37th session of the 7th directorate and 6th Meeting of the 11th Supervisory Board. Post-closing of the transaction, the registered capital of the company will increase from CNY 3,200 million to CNY 4,500 million.
