FilingReader Intelligence
Linyang Energy to sell subsidiaries, reallocates funds, seeks guarantees
June 2, 2025 at 05:10 PM UTC•By FilingReader AI
Jiangsu Linyang Energy (SSE:601222) is divesting equity in five subsidiaries to Guangdong Yuehai Hydropower for CNY 47,093.85, with the sale including some assets tied to previous fundraising. The company is realigning its strategic focus towards building affordable grid parity and energy storage projects, and will use funds from this sale to support those future projects.
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
Jiangsu Linyang Energy Co., Ltd.'s announcement on the transfer of equity interests in its subsidiaries involving the transfer of some fundraising projectsJune 2, 2025 at 08:00 AM UTC
Jiangsu Linyang Energy Co., Ltd.'s announcement on increasing the estimated amount of external guarantees for 2025June 2, 2025 at 08:00 AM UTC
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