Sep 27, 2021 07:18 PM (GMT+8) · EqualOcean
Financial Associated Press, September 27 - Changjiang Power announced that the company holds 70.03% of the shares of Changdian Andes through Changdian international, and cyan Holdings Limited ("cyan"), magenta Investment Company Limited ("magenta") and llamas (BVI) Investment Limited ("llamas") hold 9.99%, 9.99% and 9.99% of the shares of Changdian Andes respectively, Changdian Andes plans to issue new shares to all its shareholders, and each shareholder plans to subscribe for Changdian Andes shares in the form of debt to equity swap with the principal and interest of the loan provided to Changdian Andes according to the shareholding ratio. After the debt to equity swap, the shareholding ratio of each shareholder of Changdian Andes remained unchanged.

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