Jul 30, 2021 06:48 PM (GMT+8) · EqualOcean
GCL energy technology announced that it received a letter of regulatory concern from Jiangsu securities regulatory bureau. The company's holding subsidiary Guodian Zhongshan gas power generation Co., Ltd. prepaid 40 million yuan of natural gas to GCL natural gas trading (Guangdong) Co., Ltd., which was not settled in time. From March 2019 to January 2020, the holding subsidiaries of the company, Wuxi GCL Smart Energy Operation Management Co., Ltd., GCL Smart Energy Co., Ltd. and Guangzhou GCL Lantian gas thermal power Co., Ltd., made prepayments of RMB 153 million to six third-party suppliers, such as Jiangsu dongkai Energy Co., Ltd., which were not settled in time. The total amount of the above advance payment is RMB 193 million, which is occupied by the non operating funds of GCL group and its related parties controlled by the actual controller of the company. Before the disclosure of the 2020 annual report, the company recovered the principal and interest occupied by GCL group.