Aug 04, 2021 05:40 PM (GMT+8) · EqualOcean
Evergrande hi tech announced that the company plans to transfer all the company's assets, creditor's rights and debts, business qualification and personnel related to waste heat power generation business to Fujian Ningde Hengmao Energy Saving Technology Co., Ltd. ("Ningde Hengmao"), a wholly-owned subsidiary of the company. At the same time, the company will increase the capital of Ningde Hengmao. After this capital increase, the registered capital of Ningde Hengmao will increase to 50 million yuan. Ningde Hengmao will be the business platform of the company's waste heat power generation business segment, which will inherit all related businesses of the company's existing waste heat power generation,