JinKai New Energy invests CNY 124.7m in subsidiary
JinKai New Energy Co., Ltd. announced it will inject no more than CNY 124,722,560 into its wholly-owned subsidiary, JinKai New Energy (Beijing) Energy Saving Technology Co., Ltd. The investment, made via JinKai New Energy Technology Co., Ltd. (JinKai Limited), aims to enhance the subsidiary's capacity for sustainable operation and development. By supplementing JinKai Energy Saving's working capital, JinKai New Energy aims to strengthen its overall competitiveness. The investment, already approved by the General Manager's Office, will not require board or shareholder approval. The injection is internal, utilizing JinKai New Energy's own funds, and will not impact its normal operations or financial standing. JinKai New Energy holds 100% equity in JinKai Energy Saving before and after the injection.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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