Financials, Automotive, Technology Dec 10, 2021 07:29 PM (GMT+8)
Cailian, Dec. 10 (Xinhua) -- Shi Da Shenghua announced that Shenghua new energy is the holding subsidiary of Shenghua new energy technology, a wholly-owned subsidiary of the company, which holds 51% of the shares. In order to speed up the development of Shenghua new energy and the construction progress of the project, the company agreed that Shenghua new energy technology would increase the capital of Shenghua new energy by 285.6 million yuan. Enchem Co., Ltd., another shareholder holding 49% of Shenghua new energy, increased the capital of Shenghua new energy by 274.4 million yuan. This capital increase is for the shareholders of Shenghua new energy to increase their capital in proportion to their shareholding ratio. After the capital increase, the registered capital of Shenghua new energy is increased from 20 million yuan to 580 million yuan, and the shareholding ratio of each shareholder remains unchanged.
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