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TBEA: ABC Investment to Inject 1 Billion Yuan into Holding Company's New Energy Venture
2 day ago /
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Author：小编
TBEA's holding new energy subsidiary is set to embark on a capital increase and shareholding expansion, with ABC Financial Asset Investment Co., Ltd. investing 1 billion yuan to take part. The infused funds will primarily be utilized to repay loans obtained from financial institutions. Notably, Xinte Energy and CECEP Solar Energy Technology Co., Ltd., both shareholders of the new energy company, have decided to forgo their rights to participate in the capital increase on a pro-rata basis.
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