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.
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