GUODIAN TECHNOLOGY & ENVIRONMENT GROUP CORPORATION LIMITED Guoneng Kehuan Wangkui New Energy Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 87,000,000 on August 11, 2021. The transaction will involve participation from returning investors Guodian Technology & Environment Group Corporation Limited for CNY 30,450,000 and YanTai LongYuan Power Technology Co., Ltd. for CNY 56,550,000. The investors will make the payment within 20 days after receiving the payment request.
Post the closing, the registered capital will change from CNY 123,000,000 to CNY 210,000,000. The transaction has been approved by the second meeting of the fifth board of directors of YanTai LongYuan Power Technology Co., Ltd.
