Xinte Energy Announces New Capital Injection Agreement with ICBC Financial for Fengsheng Power Generation

Reuters
06-26
Xinte Energy Announces New Capital Injection Agreement with ICBC Financial for Fengsheng Power Generation

Xinte Energy Co., Ltd. has announced a capital injection transaction involving its subsidiary, Sunoasis. On June 26, 2025, Sunoasis entered into an agreement with ICBC Financial and Fengsheng Power Generation for a capital injection of RMB500 million by ICBC Financial into Fengsheng Power Generation. This transaction marks the introduction of a third-party investor, ICBC Financial, into the subsidiary. The capital injection agreement aims to enhance the financial strength and operational capacity of Fengsheng Power Generation. The announcement was made by Xinte Energy Co., Ltd., with Zhang Jianxin serving as the chairman.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xinte Energy Co. Ltd. published the original content used to generate this news brief on June 26, 2025, and is solely responsible for the information contained therein.

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