FilingReader Intelligence
Tongyi Low Carbon inks $40m capital infusion for subsidiary
April 21, 2025 at 12:14 PM UTC•By FilingReader AI
Xinjiang Korla Pear (SSE:600506) announced that its subsidiary Tongyi Low Carbon Technology (Xinjiang) Co., Ltd. has secured a CNY400 million (approximately USD55.5 million) capital increase through an equity investment by strategic investor Keqiao Leading. The transaction, structured as an open capital raise via the Beijing Stock Exchange, allows Keqiao Leading to acquire a 21.91% stake in the subsidiary.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Supplementary Source Documents
Summary of the major asset restructuring report (draft) on the capital increase of a wholly-owned subsidiary of Tongyi Low Carbon Technology (Xinjiang) Co., Ltd. (revised version)April 17, 2025 at 11:05 AM UTC
Hualong Securities Co., Ltd.'s independent financial advisory report on the major asset restructuring of Tongyi Low Carbon Technology (Xinjiang) Co., Ltd. (revised version)April 17, 2025 at 11:05 AM UTC
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