Harbin Electric, Jiamusi Electric Machine Inject Capital in Civil Nuclear Safety Equipment Firm

MT Newswires Live

2025/07/01

Harbin Electric (HKG:1133) and Jiamusi Electric Machine (SHE:000922) agreed to inject capital of 140 million yuan and 483.3 million yuan, respectively, into Harbin Electric Power Equipment, a Monday Hong Kong bourse filing said.

Following completion, the firm's equity stake in Harbin Electric Power Equipment will fall by 9.58% to 39.42%, while Jiamusi Electric will own the remaining 60.58% interest in the target.

The capital injection will provide Harbin Electric Power Equipment with industrial development support to share development policy dividends and achieve better investment returns.

Harbin Electric Power Equipment engages mainly in the design, manufacture, and non-destructive testing of civil nuclear safety equipment, electrical installation services, and special equipment manufacturing.

Jiamusi Electric is a subsidiary of Harbin Electric Corporation, the controlling shareholder of Harbin Electric.

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